Bitcoin Hits $75,000: Is The Bull Run Here, Or Will It Crash Again?

NewsFri, 21 Aug 2026 08:02:00 UTC1 hour ago
Bitcoin Hits $75,000: Is The Bull Run Here, Or Will It Crash Again?

Bitcoin (BTC) continues its price rally, and has now hit the $75,000 price level. CoinGecko data shows that BTC’s price has risen by 7.8% in the last 24 hours and 12.5% in the last month. Prior to the recent price rally, Bitcoin (BTC) last traded at the $75k price level in late May 2026. The latest upswing has significantly increased investor sentiment. Let’s discuss what’s fueling BTC’s rally and if the upswing will continue or if it will face a correction.

Source: CoinGecko

What’s Fueling Bitcoin’s Price Rally To $75k?

Source: KuCoin

Bitcoin’s (BTC) upward momentum started after President Trump hosted CEOs and founders of various cryptocurrency companies at the White House. Trump went on to state that the US may buy a significant amount of Bitcoin (BTC) and other cryptocurrencies. The White House event and Trump’s comment about the US potentially buying a big chunk of cryptocurrencies has likely elevated investor confidence.

Also Read: Hyperliquid Nears Peak Price After Trump’s US Launch Comment

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