As of early evening on Aug. 25, Bitcoin (CRYPTO:BTC) gained 0.3% to $78,932.12, Ethereum (CRYPTO:ETH) fell 0.5% to $2,460.57, and Solana (CRYPTO:SOL) increased by 1.8% to $97.93. The total crypto market cap increased by 0.5% to $97.93 trillion.
What’s driving crypto markets
Bitcoin pushed above $80,000 this morning for the first time in over three months as crypto prices continued to rebound. The lead cryptocurrency has gained over 22% in the past seven days, spurred by several factors, including fears of a weaker dollar and increased institutional demand. The rapid rise surprised some short-sellers, causing over $7 billion in short crypto positions to be liquidated in the past week.
