Why Bitcoin Pumped:

-Bitcoin pumped to $72,000 in just few hours, billions of dollars worth of Shorts was liquidated..

-The Treasury announced plans to roughly double long-duration Treasury buybacks. Markets interpreted this as supportive for liquidity and risk assets, helping BTC.

-Trump's pro-crypto stance influenced market sentiment & investor expectations around digital assets.

-Huge Short Squeeze: Heavily shorted positions was liquidated, forced buying turn in to breakout with faster price surge.

-BTC broke above important resistance around $68K–$70K.
This forced heavily leveraged short traders to close positions by buying BTC.

-More than $2.7B in crypto shorts were liquidated, dramatically accelerating the move.

-strong institutional demand and fresh capital accelerate bitcoin's upside when liquidity is already tightening.

Bitcoin pumped all the way to $79,000..

Almost $15,000 increase in just few days.. Don't get too excited, btc will touch $82,000 zone before crashing down again..

Don't follow the hype, always book profits and wait patiently for next entry..

May Goddess Lakshmi bless you & your family with abundance of happiness and let the Ashta Lakshmis fill your life with health, wealth, and freedom."

Reason for sudden crash.

US-Canada trade negotiations fall apart.

The US imposes 50% tariffs on roughly $28 billion of Canadian goods.

Canada says it will match the tariffs “dollar-for-dollar.”

BREAKING:

500 Million SAND Minted in Suspected Security Breach.

-More than 500 million SAND were reportedly minted without authorization on Base.

-Upbit issued a trading warning for SAND. Bithumb suspended SAND deposits and withdrawals as a precaution.

The situation remains ongoing and unconfirmed by The Sandbox.

MARKET BLOODBATH:

About $2.74 Billion in SHORTS wiped out and $1.82 Billion in LONGS wiped out..

Another $337 MILLION gone TODAY as Bitcoin slides below $76,000.

Over 87,430 Traders were liquidated and over $5 BILLION in positions DESTROYED in 72 hours.

Both Bears & Bulls were affected..

MARKET UPDATES:

-Market sentiment: Greed

-Index value: 73

-BTC Dominance: 59.79%

-Altcoin season index: 41/100

-Total crypto marketcap: $2.63 Trillion..

-Bitcoin price: $77,700
-ETH Price: $2,460

Trump raises tariffs on all Canadian cars, trucks, auto parts, and steel to 50% starting from 2027..

Bitcoin is Back above $80,000

-Bitcoin Rises above $80,000 for the first time since May 15th and btc is now over 29% in the last 1 week.

-After this huge pump, Bitcoin is now approaching major resistance around the $82,000 and $86,000 zones.

-Rejection from these levels could push Bitcoin back towards $72,000 zone.

-If BTC breaks through resistance along with strong volume then we could see btc touch $90,000 zone.

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India's Parliamentary Standing Committee on Finance has cancelled its August 27 hearing with the Department of Economic Affairs on the country's proposed crypto asset framework. The discussion on crypto regulation has been postponed, without new hearing date.

Vivek Ramaswamy's ''Strive'' buys 1,100 Bitcoin worth $85 Million..

Everyone will regret when BTC touches $200k.

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Michael saylor’s Strategy now has $4,000,000,000 unrealised profit on its Bitcoin Holdings.

U.S Jobless claims fell to 203k, which is below the 208k estimate.

While continuing claims dropped to 1.778M, below the 1.790M Expected.

Happy Rakhsha Bandhan guys ❤️

IMPORTANT UPDATES:

-Trump administration close to securing "massive" deal to take ownership stakes in Venezuelan oil fields that could more than double US oil reserves.

-JPMorgan evaluates launching its own crypto stablecoin.

-$13 trillion Charles Schwab to add Solana, Avalanche, and Chainlink trading to Schwab Crypto accounts.

-Trump family's new crypto bank is backed by UAE's "Spy Sheikh" Tahnoon bin Zayed al Nahyan.

-U.S spot BTC & ETH ETFs saw $232.2M in BTC inflows and $192.4M in ETH inflows. Both have now recorded 8 straight days of inflows.

-CZ says Bitcoin could become more important than gold.

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Move captured.