Analysis of the Reasons for the Price Increases of Bitcoin, Ethereum, and XRP
2026-08-20 23:51:26
According to CoinMeta, as reported by Coinpedia, today Bitcoin rose by 10.3% to reach $72,090, Ethereum rose by 17.8% to $2,291, and XRP rose by 20.4% to $1.25. The total market value of the crypto industry increased by 13%, adding $291 billion, despite the S&P 500 index falling by 1.83%, resulting in a loss of $1.4 trillion. This unusual phenomenon occurred after the U.S. Treasury Department announced that it would double its long-term bond repurchases, which led to a brief collapse in yields, followed by a partial rebound. The decline in yields made risk assets such as cryptocurrencies more attractive, driving this round of rebound, although traditional markets struggled due to the same news.
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Source:Coinpedia
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