Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge

Cryptocurrency

Blockchain

Bitcoin

21st August 2026

Bitcoin rebounded sharply from weeks of low volatility and tight range-bound trading as institutional demand for the asset picked up.

The cryptocurrency jumped more than 9% to hit a peak of $79,455 on Friday, its highest level since late May, according to LSEG data. It last traded at $76,679.

Author

Emese Bartha, Jason Chau

Source

wsj.com

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