XRP rises to $1.31, spot ETF net inflows and increased online activity support the trend, but resistance remains above.

The crypto derivatives market saw short positions liquidated for over $3 billion in two days, Bitcoin briefly broke through $72,000, and Ethereum rose by about 18% in 24 hours.

Capital.com Affiliated company obtains virtual asset license in UAE, preparing to launch crypto spot and custody services.

On August 21, the Statistics Bureau of Japan's Ministry of Internal Affairs and Communications released consumer price data for July. Nationwide, excluding fresh food, the core CPI rose by 1.8% year-on-year, in line with the median expectations of market surveys, and continued to rebound from 1.6% in June. There is also an important change that is easily overlooked in this release: Japan has officially started using the CPI series with 2025 as the base period. The update of the base period will adjust the weights of goods and services and reset the index reference point to the new consumption structure. Therefore, the July data is not only an inflation reading but also a new starting point for observing changes in residents' spending patterns after the pandemic and the energy shock.

After Bitcoin broke above $73,000, foreign media said that multiple indicators suggest the market may have hit bottom, but continued upward movement still requires a further increase in spot demand.