Key Facts
Bitcoin closed the August 23 session at US$77,755, up 0.87% day-on-day after a week in which the US debt-policy push and forced short-covering drove a roughly 22% weekly advance.
XRP was the strongest major at US$1.5222, up 3.99% on the session, while Ethereum and Solana each rose 1.63% to US$2,464 and US$95.44 respectively.
A US$1.14 billion short-liquidation cascade accelerated the rally after President Trump urged passage of the CLARITY Act and Treasury buybacks eased long-term yields.
Brazil’s crypto market remains a stablecoin story with stablecoins accounting for 98% of Q1 2026 crypto purchases on US$6.9 billion in quarterly volume.
