Bitcoin hits $75K for first time since May

Bitcoin reached $75,000 for the first time since late May, driven by market momentum and inflows into spot Bitcoin ETFs, with experts forecasting potential growth to $90,000 if capital inflows continue.

Consensus

• Bitcoin reached $75,000 on August 21.
• The price increase was supported by capital inflows into spot Bitcoin ETFs.
• Bitcoin had previously broken above $70,000 for the first time since June.
• The price rise occurred on the Binance exchange.
• Bitcoin's value increased by approximately 7.8% over 24 hours.

Points of divergence

• Bitcoin may reach $84,000–$90,000 in September if capital inflows continue and the price holds above $82,000. — riamo
• A price drop below $74,000–$75,000 could trigger a correction to $72,000–$70,000. — riamo
• The U.S. Treasury's operations and BlackRock's ETF inflows contributed to the price rise. — riamo
• Bitcoin reached $75,129 by 5:00 MSK on August 21. — vesti

Coverage (3 sources)

• Expert allowed Bitcoin to grow to 90 thousand dollars in September — РИАМО
• Bitcoin price reached $75,000 for the first time since the end of May this year — Вести
• Bitcoin rose to $70,000 for the first time since the start of summer — Вести

Key entities

• Moscow
• Kirill Komalenkov
• USA
• Ministry of Finance
• Izvestiya
• Binance
• Bitbanker