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Bitcoin jumps 11% to $71K, hits 2-month high; $190 billion added to crypto market cap after Trump’s crypto push

Economic Times 20 August 2026 at 11:56 am 1 min read 6 views Read Original
Bitcoin jumps 11% to $71K, hits 2-month high; $190 billion added to crypto market cap after Trump’s crypto push

Bitcoin surged 11% to a two-month high above $71,000, adding nearly $190 billion to the crypto market capitalisation. The rally followed renewed crypto support from Donald Trump, while strong ETF inflows and a sharp unwind of short positions further boosted sentiment. Ethereum and major altcoins also rallied.

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