Bitcoin surged past $72,000 and Ethereum hit $2,300 as $706 million in ETF inflows and $2.7 billion in short liquidations drove the biggest rally

Bitcoin jumps 5%, reaches $68,000 before White House crypto meeting and hopes for CLARITY Act vote in September.

Spot bitcoin ETFs pulled in $517 million and ether funds $189 million on Aug. 19, the strongest daily hauls in months, as a broad rally torched $2.7 billion in bearish bets.