Key facts: BTCUSD up ~21–23%; Standard Chartered raises target to $100k

BTCUSD rose ~21–23% in its biggest weekly gain in ~2 years, trading roughly $75k–$80k (peak ~$79k–$80k). Over $1.2B in BTC shorts were liquidated; yields eased.BTCUSD futures basis fell from ~20–30% in 2021 to near risk-free rates as funding premia compressed, coinciding with deeper dollar on- and off-ramps into crypto markets.Standard Chartered raised its year‑end BTCUSD target to $100,000 after Bitcoin rallied near $80,000. Analyst cited short squeezes, potential U.S. spot ETF inflows and Oct 6 timing as drivers.US political news: Trump urged Congress to advance a crypto regulatory framework and said he discussed the US buying Bitcoin at scale, boosting BTCUSD spot CFD market momentum.Upbit 24-hour volume surged 273% to $1.84B on Aug 21, driven mainly by BTCUSD spot CFDs — highest single-day BTCUSD domestic turnover since mid-March 2026.Trader 'Set 10 Big Goals First' misjudged BTCUSD: missed buy at 70,500–71,500, short triggered near 76,000 as BTCUSD rose past 79,000, causing a loss; account still ~ $70M profit.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.