Cryptocurrencies are resuming their upward movement amid an almost euphoric atmosphere on Wall Street. Bitcoin is trading around $20,100, Ethereum is testing $1520.
- Markets are waiting for the release of Alphabet and Microsoft results after the Wall Street session. Cryptocurrencies have recently remained correlated with the stocks of technology companies, although the correlation has recently weakened in favor of gold;
- The strong performance of tech giants could drive the digital asset sector and help bulls push Bitcoin above $20,000.
- The biggest gainers are altcoins Cardano, Uniswap, Solana and Algorand.
Bitcoin chart, M15 interval. RSI reached a euphoric overbought level above 90 points after demand successfully managed to approach $20,000. Historically, these levels have indicated that at least a short-term correction is imminent. The intersection of the SMA200 and SMA50 averages indicates a 'golden cross' that may foreshadow a longer uptrend. Source: xStation15
Bitcoin gains 7% and tests $80k 🔼 What does technical analysis suggest?
Chart of the Day: Bitcoin Breaches $75K to Challenge 300-EMA First Time Since January (21.08.2026)
Morning wrap: Bitcoin surges to $75k, Wall Street tries to stabilize
Morning Wrap: Asian Stocks in the Green, Bitcoin Rallies 8% – Has Risk Appetite Returned? (20.08.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
