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XRP Bitcoin Market News
On August 24, Bitcoin (BTC) once hit US$81,000, then fell back and remained above US$80,000, continuing the rally that started last week after the U.S. Treasury Department decided to buy back bonds. This policy move has depressed long-term yields and triggered market expectations of a loose financial environment, driving capital flows to risky assets, including cryptocurrencies.
Bitcoin prices rose more than US$16,000 during the week, setting one of the largest weekly increases in the dollar in its history.
ETF inflows and the rise in altcoins drove the rally
During the same period, inflows from spot bitcoin exchange-traded funds (ETFs) rebounded significantly. Bitcoin and Ethereum (ETH) ETFs combined attracted $2.6 billion in funds in the previous week, the largest inflow since October last year and about three times the previous week. Altcoins also rose sharply, with Ethereum up 32% over the same period, Ripple (XRP) up 53%, and Solana (SOL) up 34%.
Justin d'Anethan, director of research at Arctic Digital, said the structure of the rally-forming a huge bullish swallows candle on daily, weekly and even monthly charts-suggests that the market is moving from sideways consolidation to a directional upward trend. He viewed the U.S. Treasury's bond repurchase decision as a clear signal that monetary conditions were easing, and pointed out that Bitcoin would directly benefit it, which underperformed other risky assets for most of the first half of 2026.
d'Anethan added that continued ETF inflows, stronger on-chain activity and further signals from the central bank or Treasury are needed to confirm this trend. "It's too early, but it's hard not to feel optimistic," he said.
Analysts warn that inflation data and bond yields are key risks
Several analysts warned against over-interpreting the current rally. Min Jung, associate researcher at Presto Research, called this round of gains a catch-up trend rather than evidence of a new bull market. He pointed out that the yield on the 30-year U.S. Treasury note has risen to its highest level since 2007, indicating that the macro environment facing risky assets remains severe.
BTSE Chief Operating Officer Jeff Mei said that he will only define the current situation as a bull market when Bitcoin stabilizes above $100,000 for at least a month and the Federal Reserve sends a signal to cut interest rates, and neither of these conditions are currently met. Zeus Research analyst Dominick John pointed out that the rally still relies on slowing inflation, falling Treasury yields and a weakening U.S. dollar, and cited this week's release of the Personal Consumption Expenditure Price Index (PCE) as a key short-term indicator. He said that if PCE data is lower than expected, it may support risky assets; if it is higher than expected, it may push up yields and put pressure on the liquidity environment.
