Cryptocurrency prices extended their gains today, Aug. 21, with Bitcoin nearing $78,000 and heading for its biggest weekly gain in more than three years.

 

Bitcoin, the world’s largest cryptocurrency by market value, has gained around 23.73% so far this week, putting it on track for its biggest weekly advance since March 2023.

 

Cryptocurrency markets were supported this week after US Treasury Secretary Scott Bessent announced a doubling of the cap on long-term bond buyback operations.

 

Meanwhile, US President Donald Trump urged the Senate to pass a bill aimed at regulating the cryptocurrency market, which stalled due to disagreements and was not brought to a vote before the chamber began its recess this month.
 

Changes in selected cryptocurrency prices

Cryptocurrency

Price ($)

Change ($)

Change (%)

Bitcoin

77,924.15

5,301.25

7.30%

Ethereum

2,400.10

73.26

3.15%

XRP

1.3782

0.1353

10.88%

Prices as of 1:46 pm Makkah time.

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