Bitcoin Price Rises to $68,362 as Whales Add $2.9 Billion in Holdings
On August 19, 2026, Bitcoin's price surged to $68,362, sparking talk of a fresh leg higher. The total crypto market cap jumped 4.76% to $2.4 trillion in 24 hours, with BTC dominance holding at roughly 57%. Bloomberg reported that whales added $2.9 billion in BTC holdings over 60 days, providing a structural tailwind.
The daily chart shows a recovery that has not yet been confirmed, with price above short-term EMAs but still below the 200-day EMA. The hourly picture is fully aligned bullish, with price above the 20, 50, and 200-EMA, but RSI14 at 85.32 is extreme.
The Fear & Greed Index reads 46, classified as Fear, creating a notable disconnect with the ongoing price rally. On-chain activity on Uniswap and Curve confirms the market is broadly more active, not just BTC moving in isolation. The MACD histogram has flipped negative on the 15-minute chart, signaling momentum deceleration.