Why is Crypto Up Today? Ethereum Leads Market Recovery With a +18% Pump

Traders have woken up today with just one question on their mind. ‘Why is crypto up today?’ is what everyone is asking right now after Ethereum opened today at $2,260 after a near +18% move over the past 24-hours. Per CoinGecko data, yesterday ETH was hovering at $1,930 before an explosive candle out of nowhere took it to a session high of $2,325, a move that saw over $3Bn in liquidations, quickly making it the 8th largest in recorded history, but still a long way behind the $19Bn record from October 2025 when Trump threatened 100% tariffs on China. (SOURCE: CoinGlass) Metrics displayed on CoinGecko show a 24-hour price change of +18.8%. It lists a 24-hour trading volume of $31.9Bn, up +415.05%, and a market capitalization of $272.8Bn. The broader crypto market has surged +7.5% overnight, with the total market cap at $2.45 trillion, highlighting Ethereum as one of the strongest performers during this 24-hour market pump. In the last 24 hours:$BTC hits $70,000: +9% $ETH hits $2,300: +23% The largest crypto “short squeeze” EVER. pic.twitter.com/VRZ8ndrweE — Crypto Rover (@cryptorover) August 20, 2026 Why is Crypto Up Today? Trump Claims America Will Remain the ‘Undisputed Leader’ in ...