Weekly Crypto Market Events Recap｜2026.8.17–8.23
1️⃣ BTC surged about 22% over the five trading days last week, rising from around $63,000 to as high as $79,000, marking its strongest performance since March 2024; the bullish move triggered extreme short-squeeze conditions, with total short liquidations across the market exceeding $4 billion.
2️⃣ The U.S. crypto regulatory landscape saw major progress: Trump continued pushing the CLARITY Act, and the SEC formally issued a brand-new regulatory framework for crypto assets, clarifying Token safe-harbor rules.
3️⃣ Tether completed a full independent audit by KPMG and received an audit opinion with no reservations.
4️⃣ First Digital’s CEO responded to Justin Sun’s comments about FDUSD, saying the related claims are seriously misleading, and stating that Justin Sun has not provided evidence for the allegations to date. The two sides had previously gone to court in Hong Kong over defamation-related disputes, and the case is still under review.
5️⃣ Crypto-related stocks in the U.S. stock market all rose together. BTC’s strong rally lifted shares such as MSTR and COIN in tandem; Strategy (MSTR) gained about 27% over the week, and market attention to the linkage between BTC and U.S.-listed crypto assets has increased further.#ATH #BTC🔥🔥🔥🔥🔥
1️⃣ BTC surged about 22% over the five trading days last week, rising from around $63,000 to as high as $79,000, marking its strongest performance since March 2024; the bullish move triggered extreme short-squeeze conditions, with total short liquidations across the market exceeding $4 billion.
2️⃣ The U.S. crypto regulatory landscape saw major progress: Trump continued pushing the CLARITY Act, and the SEC formally issued a brand-new regulatory framework for crypto assets, clarifying Token safe-harbor rules.
3️⃣ Tether completed a full independent audit by KPMG and received an audit opinion with no reservations.
4️⃣ First Digital’s CEO responded to Justin Sun’s comments about FDUSD, saying the related claims are seriously misleading, and stating that Justin Sun has not provided evidence for the allegations to date. The two sides had previously gone to court in Hong Kong over defamation-related disputes, and the case is still under review.
5️⃣ Crypto-related stocks in the U.S. stock market all rose together. BTC’s strong rally lifted shares such as MSTR and COIN in tandem; Strategy (MSTR) gained about 27% over the week, and market attention to the linkage between BTC and U.S.-listed crypto assets has increased further.#ATH #BTC🔥🔥🔥🔥🔥