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Story summary
- U.S. President Donald Trump met crypto executives at the White House, sparking a sharp Bitcoin rally.
- Bitcoin surged nearly 8% on Aug 19, reaching about US$69,500, its highest since early June.
- More than US$1 billion of Bitcoin short positions were liquidated within an hour, according to CoinGlass data.
- Ether rose 16% to US$2,250 on Aug 20, its biggest one-day gain since May 2025.
