XRP rebounds 10% as Bitcoin short liquidations top $1 billion, while UE Crypto expands cloud mining access

XRP has recently staged a strong rebound, with its price briefly climbing near $1.10 — a single-day gain of 10.17% and its largest daily increase since February 6, 2026. Meanwhile, Bitcoin (BTC) also rebounded rapidly, rising over 8% at one point to hit a high of $72,281.12; this marked a new peak since early June and the largest single-day gain since March 2026.

This rapid market reversal triggered a massive wave of short position liquidations. According to CoinGlass data, over $1 billion in Bitcoin short positions were forcibly liquidated within roughly an hour, marking one of the largest Bitcoin short liquidation events since such data tracking began in 2021.

Prior to this, Bitcoin had experienced months of decline, with bearish sentiment building as the price retreated. The sudden price rebound — fueled by heavy buying as short sellers covered their positions — pushed prices even higher, creating a classic “short squeeze” scenario.

Amidst heightened market volatility, UE Crypto has launched a contract-based cloud mining service. This offers holders of XRP, BTC, and other digital assets a way to utilize their holdings that goes beyond merely relying on price appreciation, helping users explore potential sources of consistent returns.

From price fluctuations to asset utilization: Investors seek more stable returns

For a long time, many XRP and BTC holders have primarily employed a “buy low, hold long” strategy, hoping to realize capital gains from future market rallies.

While this approach can yield high returns during bull markets, profitability is heavily dependent on asset price performance. When the market enters a phase of consolidation, correction, or decline, holders must not only endure fluctuations in asset value but may also face long waiting periods.

Consequently, an increasing number of digital asset holders are turning their attention to more diversified asset management strategies. Moving beyond the simple “buy low, sell high” model, some investors are exploring ways to enhance the utilization of their existing digital assets and seeking sources of relatively consistent potential returns. Amidst this trend, cloud mining has emerged as a way to engage with digital assets that differs from simply relying on price appreciation. By combining cloud computing power with contract services, UE Crypto offers holders of XRP, BTC, and other mainstream digital assets the option to participate in cloud mining remotely.

UE Crypto Cloud Mining: Simplifying digital asset participation

UE Crypto’s contract-based cloud mining platform integrates computing power allocation, contract services, and automated operational mechanisms.

Users can select cloud mining plans tailored to their budgets, contract durations, and computing power requirements without the need to purchase, deploy, or maintain mining hardware themselves. Once a contract is activated, the allocated computing power operates automatically according to the chosen plan, thereby lowering the equipment and technical barriers associated with traditional mining.

Compared to merely waiting for the price of XRP or BTC to rise, cloud mining offers holders an alternative potential source of income. According to UE Crypto, potential daily earnings for some high-capacity plans can reach up to $10,000, with actual returns depending on the specific investment amount, contract plan, and computing power allocation.

Key features of UE Crypto Cloud Mining

Low barrier to entry

With a minimum investment of $100, the platform offers an accessible starting point for users wishing to try cloud mining.

Automated operation

Once a user selects and activates a contract, the computing power runs automatically according to the plan; there is no need for the user to manage mining hardware or perform complex technical maintenance.

Support for multiple mainstream digital assets

The platform supports a wide range of mainstream digital assets, including BTC, USDT, ETH, LTC, USDC, XRP, SOL, and BNB.

Clear earnings plans

Different contracts correspond to varying durations and projected returns; users can choose to withdraw their earnings or reinvest them in accordance with platform rules.

Emphasis on sustainable operations

UE Crypto states that its mining infrastructure utilizes renewable energy sources — including solar and wind power — to enhance efficiency and reduce carbon emissions.

Three Steps to Get Started with UE Crypto

1. Register an account

Users can visit the official UE Crypto website and create an account using their email address. New users receive a $20 sign-up bonus and can begin cloud mining immediately after registration. 

2. Top up and select a plan

Users can top up their accounts using major digital assets supported by the platform — such as BTC, ETH, USDC, and XRP — and select a cloud mining plan that suits their budget, contract duration, and hashrate requirements.

3. Activate the contract and earn returns

Once the contract is activated, the corresponding hashrate operates automatically according to the selected plan. Earnings are settled based on the specific contract terms, and users can choose to withdraw or reinvest their profits in accordance with platform rules.

Featured cloud mining contracts

Click here to view the full list of cloud mining contracts and applicable terms.

Looking ahead: From market volatility to diversified returns

Price volatility in the cryptocurrency market is here to stay. For holders of XRP, BTC, ETH, and other digital assets, relying solely on price appreciation for returns means investment outcomes are heavily tied to market cycles. Consequently, asset diversification, improved asset utilization, and the exploration of potential, sustainable income sources are becoming key priorities for digital asset holders.

By combining cloud computing power, contract services, and digital asset infrastructure, UE Crypto offers users a convenient way to participate in cloud mining. Its goal is to enable digital asset holders to explore paths to more stable and sustainable potential returns — moving beyond a sole reliance on rising coin prices — while continuing to monitor market trends.

About UE Crypto

Founded in 2015 and headquartered in London, UK, UE Crypto specializes in smart cloud mining, cloud computing, and digital asset services. According to the company, its platform services cover more than 150 countries and regions worldwide.

Users interested in UE Crypto’s cloud mining services can visit the official website to view the full range of contract plans, platform services, and relevant terms.

Bitcoin has climbed toward $73,000 after a record short squeeze and falling U.S. Treasury yields powered an 11% rally, but analysts have warned that continued ETF and spot demand will decide whether the breakout holds.

Bitcoin’s short squeeze has accelerated the breakout

Nansen Senior Research Analyst Nicolai Søndergaard told crypto.news that forced short covering accelerated Bitcoin’s rise, although institutional demand and improved liquidity conditions had already given the market an upward bias.

“Bitcoin’s move above $70,000 reflects a combination of forced short covering, renewed institutional demand and a more supportive liquidity backdrop,” Søndergaard said.

Bitcoin traded near $72,600 after reaching about $72,800 on Aug. 20, extending a rally that began when the price cleared resistance around $65,000 and $67,000. The asset had spent roughly six weeks inside a narrow range before the breakout caught bearish traders positioned for another decline.

CoinGlass data showed that more than $1 billion in Bitcoin shorts were liquidated within about one hour. Across the crypto market, short liquidations reached approximately $2.7 billion over 24 hours, the largest total in records dating to 2021. Shorts accounted for about 92% of almost $3 billion in total liquidations across more than 172,000 traders.

As reported earlier on Thursday, Bitcoin gained 11.4% in 24 hours as the liquidations forced traders to buy the asset needed to close their positions. Forced purchases then pushed the price through additional liquidation levels, adding speed to the rally.

Søndergaard said that relatively contained open interest showed that the price increase did not come only from traders adding fresh leverage. Liquidation data also showed far more pressure on shorts than longs, supporting his view that forced covering drove the speed rather than the full direction of the move.

ETF demand may determine whether $70,000 holds

U.S. spot Bitcoin ETFs recorded about $517 million in net inflows on Aug. 19, according to SoSoValue data cited by the analysts. The daily total was the strongest since May and offered early evidence that institutional buyers were participating alongside traders closing short positions.

LVRG Research Director Nick Ruck said the Treasury announcement helped improve institutional sentiment after months of net ETF outflows. Allocators may now view Bitcoin’s recent trading range as a more favorable entry point, he added, rather than a reason to remain on the sidelines.

Ruck cautioned that a single inflow session would not establish a lasting institutional trend. A clearer course for U.S. interest rates, progress on the CLARITY Act, or expanded access through retirement accounts could provide stronger confirmation, according to the analyst.

“Sustained inflows are unlikely without additional confirmation,” Ruck said. “Until those catalysts develop, inflows will likely remain temporary rather than structural.”

Once forced buying fades, Søndergaard expects spot and ETF flows to determine whether Bitcoin can build support above $70,000. The price has moved above its 20-week and 200-day moving averages as well as the estimated short-term holder cost basis near $68,700, placing many recent buyers back in profit.

Momentum readings have become stretched, however. Søndergaard placed the one-hour relative strength index near 78 and the four-hour RSI above 85, while positive funding rates showed that leveraged positioning had become crowded on the long side.

A sustained hold above $70,000 would support the breakout, according to Søndergaard. A retreat into the $69,700 to $69,000 zone could serve as a normal retest rather than confirm a full trend reversal, although losing the area would expose the market to more selling.

CoinEx Chief Analyst Jeff Ko identified the 200-day moving average near $69,000 as the central technical level. Turning the former resistance area into support would strengthen the setup, he said, especially after approximately $650 million in net ETF inflows during the week.

Lower Treasury yields have eased pressure on Bitcoin

The rally began as the U.S. Treasury announced that it would at least double its long-end liquidity-support buybacks. Beginning Sept. 9, the maximum purchase size for nominal coupon securities in the 10-to-20-year and 20-to-30-year sectors will rise from $2 billion to at least $4 billion per operation.

Following the announcement, the 30-year Treasury yield fell from 5.34%, its highest level in 19 years, to about 5.19%. Falling yields reduce the return offered by low-risk government debt and can make assets such as Bitcoin more attractive to investors willing to accept additional volatility.

Nick Ruck said lower yields also ease financial conditions and reduce borrowing costs for companies and investors. Continued buybacks could support risk assets for several months if long-term rates remain contained, he added, while renewed inflation or fiscal concerns could reverse the relief.

Ko described the program as a liquidity-management tool rather than quantitative easing because the Treasury is changing the composition of its liabilities instead of creating central-bank money. Given the program’s limited size compared with the Treasury market, he interpreted the announcement mainly as a policy signal that officials are prepared to support liquidity at the long end.

BTSE Chief Operating Officer Jeff Mei also called the buybacks a short-term response to a lasting fiscal problem. The purchases may cool yields, but they do not reduce the federal deficit or remove inflation pressure, he said.

“When yields drop and the dollar weakens, risk assets tend to rally, and we’ve already seen Bitcoin move higher on the news,” Mei said.

For borrowing costs to remain lower, Mei said markets would need evidence of a slowing U.S. economy or a resolution to the U.S.-Iran conflict. Without progress on either issue, persistent inflation and government borrowing could push yields back up.

U.S. policy has added a political premium

Bitget Wallet Research Analyst Lacie Zhang said Bitcoin has started trading with a U.S. political premium as the White House presses for crypto legislation before the November midterm elections.

During an Aug. 19 event with executives from Coinbase, Gemini, Ripple, Chainlink Labs, and other companies, President Donald Trump urged Congress to approve what he called a “fair version” of the Digital Asset Market Clarity Act. The bill would establish federal market rules and divide oversight between the SEC and CFTC.

Previous White House event coverage detailed the approaching Senate test, which requires 60 votes to advance the legislation. Lawmakers are expected to return in September, leaving limited working time before campaigning for the midterms takes priority.

Zhang said the administration has an incentive to show lower borrowing costs, strong financial markets, and progress in high-growth industries before voters go to the polls. Democrats gaining Senate seats could expose the administration’s crypto policies to added scrutiny, which gives the White House and industry groups a reason to seek legislation before the election, she added.

The SEC supplied another policy catalyst on Aug. 18 by proposing Regulation Crypto Assets, a framework for certain investment contracts involving digital assets. The proposal includes an exemption for offerings of up to $5 million over four years and another for qualifying offerings of up to $75 million in a 12-month period.

Under the proposed SEC framework, a conditional safe harbor would also address when an investment-contract relationship tied to a crypto asset can end. Stakeholders will have 60 days to submit comments, and the proposal does not change current registration requirements unless the SEC adopts final rules.

Zhang warned that connecting Bitcoin sentiment to the election calendar creates political risk. Failure to move the CLARITY Act, controversy involving political conflicts of interest, or a loss of regulatory momentum after the midterms could weaken investor confidence, she said.

President Xi Jinping’s expected U.S. visit in September could add another political element, according to Zhang, because Trump has grouped crypto, artificial intelligence and financial technology within his push for American technology leadership. She described the visit as a policy context rather than a direct cause of Bitcoin’s daily move.

Ruck said ETF inflows would need support from contained Treasury yields and further regulatory progress to continue. Without those conditions, institutional purchases may appear in isolated sessions instead of developing into a sustained source of Bitcoin demand.

Bitcoin pushed to a fresh 11-week high on Thursday as trading activity strengthened during the early Wall Street session, reaching $72,505 on Bitstamp. The move unfolded alongside a macro backdrop that turned riskier rather than calmer: US equities opened lower and bond yields rebounded after renewed geopolitical alarm around US-Iran tensions.

While BTC gained more than 4% on the day, several analysts and on-chain observers cautioned that the rally may still be too early to treat as a full “bear market over” signal—especially given the market’s prior sensitivity to liquidity and risk conditions.

Key takeaways

• BTC/USD retested around $71,000 before rising to $72,505 on Bitstamp, according to TradingView data referenced in the coverage.
• Trump’s “economic warfare” language on Iran coincided with a reversal higher in US government bond yields after a sharp prior-day drop.
• WTI crude climbed to $87.69 per barrel, reflecting an energy market that continues to price geopolitical risk.
• Analysts argued technical levels and demand signals still need confirmation before calling a lasting bull-cycle shift.
• CryptoQuant highlighted renewed spot-and-derivatives demand, though the scale was described as “modest” and will require follow-through.

Bitcoin breaks higher as macro nerves return

TradingView data cited in the report shows BTC/USD moving back above $71,000 prior to setting a new 11-week peak at $72,505 on Bitstamp. The price action came after US markets opened on a weaker footing, with bond yields recovering after falling the day before.

This matters for crypto because Bitcoin’s recent trading has often correlated with shifts in broader risk appetite and expectations for market liquidity. When yields rise quickly—particularly after a period of decline—investors tend to reassess discount rates and near-term risk exposure, which can quickly change the tone of crypto rallies.

US-Iran “economic warfare” rhetoric sparks yield volatility

Equities traded softer after President Donald Trump threatened Iran with what he described as the “most crushing economic operation ever taken against any country,” calling it “Economic D-Day.” The comments were posted on Truth Social, where Trump also framed the escalation as “economic warfare and isolation on an unprecedented scale,” tied to frustration over the absence of a deal concerning the Strait of Hormuz oil route.

Energy pricing reinforced the risk narrative. WTI crude reportedly reached $87.69 per barrel, the highest level since July 24.

At the rates level, the report notes that Treasuries volatility increased after the earlier selloff in yields. The US 30-year yield reportedly traded as low as 5.179% before rebounding to 5.266%—an increase of 9 basis points—nearly erasing the prior day’s downside. The 10-year yield also reversed the previous day’s decline.

In parallel, the US Treasury had announced it would revisit the size of debt buyback operations on Nov. 4, after earlier messaging indicated intervention would at least double the size of liquidity actions from September. However, the report also cites commentary from The Kobeissi Letter suggesting that the intervention might not be enough to stabilize markets if pressure continues, writing on X: “It’s going to take a lot more intervention to tame this beast.”

Rally durability questioned: technicals and cycle timing

After gaining nearly $10,000 over four days, Bitcoin’s advance appeared to raise more questions than it answered. The report highlights trader and analyst Rekt Capital’s view that BTC needs to hold and extend its strength to invalidate a “weakening support” theme. Rekt Capital wrote that technicals were still pointing to $60,000 as a weakening macro support level.

That assessment is important because it frames the move as more than a simple breakout. If price can’t maintain higher levels long enough to alter key technical narratives, rallies can fade quickly—particularly when macro conditions remain unsettled.

The report also references a separate post arguing that four-year BTC cycle patterns may allow for a new macro low before the end of 2026. While cycle timing is inherently uncertain, the key takeaway for readers is that not all market participants are treating the current rebound as evidence of an immediate, uninterrupted trend reversal.

Demand signals return, but confirmation is the next test

One of the more constructive points in the coverage came from on-chain analytics firm CryptoQuant. Its CEO, Ki Young Ju, flagged a return of positive demand for Bitcoin across both spot and derivatives markets—something he said had not been seen since October 2025, when BTC/USD set its most recent all-time high at $126,200.

Ki Young Ju described the demand shift as “modest,” but argued that if it holds for another month, it may be reasonable to conclude that the bear market has ended and a new bull cycle has begun. The report also notes that earlier coverage from Cointelegraph had emphasized missing spot demand as a key catalyst behind the lack of sustained momentum in prior attempts at reversal.

Putting the pieces together, the picture is mixed: Bitcoin is making price progress while macro risk indicators—yields and crude—remain volatile. At the same time, measurable demand dynamics are improving, though observers want to see whether the current uptick sustains rather than disappears after a short burst.

As traders look ahead, the biggest near-term question is whether Bitcoin can maintain levels that matter technically while macro conditions stabilize enough to support the flow of new demand. The next signals to watch are continued strength in spot/derivatives metrics and whether bond yields keep rebounding on renewed geopolitical headlines—or settle into a less disruptive range.

US CFTC Chair Michael Selig has told lawmakers and the crypto industry that the agency will continue moving on digital-asset regulation even if Congress does not pass the Digital Asset Market Clarity (CLARITY) Act. Speaking in prepared remarks at the CFTC’s Innovation Advisory Committee’s inaugural meeting on Thursday, Selig framed the agency’s approach as a way to “give CLARITY its breathing room” while still preparing rulemaking that could be deployed quickly if the bill stalls.

Selig also described actions already set in motion inside the commission, including work aimed at allowing both registered and non-registered entities to offer leveraged or margined crypto asset trading, alongside efforts to develop protections for developers. His comments came as the broader crypto policy debate in Washington remains tied to the timing of Senate proceedings and ongoing negotiations over the bill’s content.

Key takeaways

• Despite CLARITY being the central market-structure proposal, CFTC leadership signaled it will pursue crypto rules independently if Congress cannot finalize the legislation.
• Selig said staff have already been directed to consider rules that would enable leveraged or margined crypto trading by both registered and non-registered entities.
• The CLARITY bill appears paused until the US Senate returns in September, with a cloture vote requiring 60 support to advance.
• Selig’s agenda aligns with the SEC’s parallel approach: proposed digital-asset rules designed to provide clearer regulatory pathways for market participants.
• The CFTC is currently operating with a limited leadership panel, with Selig described as the only Senate-confirmed commissioner directing agenda-setting since December.

CFTC: rulemaking won’t wait for CLARITY

In his remarks, Selig argued that the CFTC should not stand still while Congress deliberates. He said the commission would move forward on crypto regulations even without CLARITY’s passage, suggesting the agency could help ensure implementation of the administration’s priorities if the bill is delayed or revised.

“We’re going to give CLARITY its breathing room for a vote,” Selig said, but added that if Democrats cannot support a bipartisan product that reflects compromises from both sides of the aisle and reaches the President, he would direct CFTC staff to “move swiftly” to propose new rules for the industry.

In practical terms, Selig said he has already instructed staff to advance policy work related to crypto trading structures, including allowing leveraged or margined trading on a broader basis. He also pointed to an effort to explore developer protections—an element that has been gaining attention in US crypto policymaking as regulators attempt to distinguish between consumer-facing activity and other categories of software and infrastructure.

Where CLARITY stands in Congress—and why it matters

Although Selig indicated the CFTC is prepared to act on its own, the legislative path for CLARITY remains the major determinant of a unified national market-structure framework. The market-structure bill is currently effectively paused until the Senate returns to session in September. At that point, Majority Leader John Thune is expected to seek a cloture vote.

Under the Senate’s rules as described in the reporting, CLARITY would need 60 votes to pass the chamber and then return to the House of Representatives for final legislative approval before reaching President Donald Trump for signature or veto. This 60-vote threshold is especially consequential because it signals that the bill’s fate depends not only on broad support, but on overcoming procedural resistance.

Any uncertainty around the number of votes needed has been heightened by political questions tied to ethics. The source notes that some Democrats have called for stronger ethics provisions related to the Trump family’s crypto investments, reported as totaling $1.4 billion in 2025. Trump has claimed that a “lot of Democrats” support CLARITY, but it remains unclear whether that support is sufficient to reach the Senate threshold.

For market participants, the distinction is important: if CLARITY passes, it could standardize how US regulators approach key aspects of crypto trading and market structure. If it does not, the CFTC’s willingness to proceed suggests the industry could face a more fragmented regulatory landscape driven by agency rulemaking rather than legislation.

Coordination signal with the SEC’s proposed rules

Selig’s comments also echoed the direction taken by the Securities and Exchange Commission. According to the source, the SEC on Tuesday released proposed rules for digital asset regulation that would offer crypto companies a safe harbor policy from tokens being treated as “investment contracts,” along with certain exemptions for issuers.

While the SEC and CFTC operate in different jurisdictional domains, the alignment in messaging suggests regulators are attempting to reduce uncertainty in overlapping areas of the market—especially for trading, token offerings, and associated activities. For investors and operators, that could mean a clearer set of expectations on how rules might apply, even if Congress is still debating a comprehensive framework.

At the same time, regulatory coordination remains imperfect. The SEC proposal is designed around its own statutory interpretation and enforcement priorities, while the CFTC focuses on commodities and derivatives-related market activity. That difference is why agency-by-agency rulemaking may not fully substitute for legislative clarity.

Innovation committee focus: AI, prediction markets, and CFTC jurisdiction

Selig delivered his remarks alongside Innovation Advisory Committee Chair Walt Lukken and the committee’s Designated Federal Officer Michael Passalacqua. Beyond the CLARITY debate, the meeting agenda reportedly included artificial intelligence and prediction markets.

The CFTC has claimed “exclusive jurisdiction” over prediction markets, according to the source, based on its view that event contracts on relevant platforms are “swaps.” Selig has said he directed the commission to pursue lawsuits against state-level authorities that challenge this position—referenced in the source in connection with matters involving companies such as Kalshi and Polymarket.

For builders and traders in prediction markets, these jurisdictional disputes are not abstract. They can influence where platforms operate, how products are structured, and what legal risk markets face when expanding into new states or audiences. In that context, CFTC momentum on broader digital-asset rulemaking may also affect how prediction-market platforms plan future product design and compliance programs.

CFTC leadership constraints add urgency

The meeting also highlighted an internal constraint: the CFTC, as described in the source, currently lacks a full panel of commissioners. Selig has been operating as the only Senate-confirmed commissioner within a leadership group expected to consist of a bipartisan five-member panel.

Because of that imbalance, Selig has been solely responsible for directing the agency’s agenda since December, which may help explain the emphasis in his remarks on speed—both in continuing existing initiatives and in preparing contingencies should Congress not reach a legislative conclusion.

In the near term, investors and industry participants should watch whether the CFTC’s ongoing rulemaking work translates into formal proposals, and whether CLARITY can clear the Senate’s procedural and political hurdles in September. The immediate uncertainty is legislative, but the immediate regulatory direction is already becoming clearer from agency-level activity.