Crypto rally gains momentum as Bitcoin, Ethereum surge

Mettis Global reported that cryptocurrency prices kept rising on Monday, with Bitcoin up about 1.7 per cent and reclaiming $77,000. Ethereum added nearly 3.5 per cent to trade near $2,500, while the total value of the crypto market moved past $2.6 trillion. The gains followed the sector's best week of 2026.

The rebound that began last week has spread beyond Bitcoin into Ethereum and several larger altcoins. Ethereum has risen roughly 30 per cent over seven days, XRP is up close to 50 per cent off its recent bottom, and HYPE has advanced about 36 per cent, while Bitcoin sits more than 20 per cent above levels near $63,000. According to SoSoValue data, U.S. spot Bitcoin ETFs took in about $1.918bn between August 17 and August 21, and Ethereum ETFs drew around $697m in the same period.

Other crypto products also attracted money, with XRP ETFs receiving $39.78m, Solana ETFs $28.34m and HYPE products $3.89m. The publisher suggests these flows point to fresh institutional buying rather than purely speculative trading. Bitcoin's move through several key resistance levels also forced short sellers to close positions and drew back traders who had stayed on the sidelines.