#BTCSurges20%in3Days BTC Surges 20% in Three Days


Bitcoin ($BTC ‌) delivered a powerful three-day rally, climbing from around $64,100 on August 19 to nearly $79,500 on August 21, representing a gain of more than 20%.
The move was fueled by several factors. Short covering played a major role as traders betting against Bitcoin were forced to buy back positions when prices broke through resistance. More than $4 billion in crypto short positions were reportedly liquidated during the broader squeeze.
Institutional demand also strengthened, with U.S. spot Bitcoin ETFs recording significant inflows. Meanwhile, optimism surrounding the CLARITY Act and expectations of easier financial conditions improved investor sentiment.
Bitcoin’s rally also lifted the wider crypto market, with Ethereum and XRP posting strong gains. However, after such a rapid move, traders should watch for profit-taking and volatility. Sustaining levels near $77,000–$80,000 could determine whether BTC continues toward new highs or enters a short-term correction.
BTC1.29%
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Venüs_
· 1h ago
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Venüs_
· 1h ago
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Venüs_
· 1h ago
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Venüs_
· 1h ago
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