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Bitcoin Hits $72,000 as Ethereum Jumps 11%, XRP, Dogecoin Spike 10%

Benzinga·08/20/2026 19:45:39
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Bitcoin and major cryptocurrencies extended their rally amid optimism surrounding the White House crypto meeting.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $72,726
Ethereum (CRYPTO: ETH) $2,330
Solana (CRYPTO: SOL) $86.97
XRP (CRYPTO: XRP) $1.27
Dogecoin (CRYPTO: DOGE) $0.08147
Shiba Inu (CRYPTO: SHIB) $0.054902

Notable Statistics:

  • Coinglass data shows 150,510 traders were liquidated in the past 24 hours for $1.83 billion.       
  • SoSoValue data shows net inflows of $517.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $189.2 million.
  • In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.

Notable Developments:

Trader Notes:

Trader Michael van de Poppe highlighted Bitcoin’s increased volatility is creating more trading opportunities, with potential longs around $70,300 to $70,800 and below $68,000 if a broader correction hits.

The trader remains bullish overall and expects more opportunities in altcoins.

ExitpumpBTC predicts Bitcoin could extend its rally toward $78,000 to $80,000, where the trader expects a meaningful rejection and consolidation.

However, the latest surge has strengthened their conviction that BTC is forming a bottom as its market structure improves.

Image: Shutterstock