For this edition, the three assets in the spotlight are Bitcoin (BTC), Ethereum (ETH), and Tether Gold (XAUt).
All three are compelling because the market is currently showing quite unique conditions. Bitcoin is nearing US$70,000 again, Ethereum is recording more aggressive gains than BTC, while gold has broken through the US$4,500 per troy ounce mark once more.
In other words, both risk assets and assets typically used for diversification are experiencing strong momentum.
Hot Asset #1: Bitcoin (BTC)
Bitcoin has become one of Mobee's Top Picks after a sharp rally that brought it back near the psychological level of US$70,000.
On the morning of August 20, 2026, Bitcoin was trading at around US$69,700. CoinMarketCap data cited during morning trading shows BTC rose by approximately 8% in 24 hours and about 9.7% over the past seven days.
This movement is quite significant, as just a day earlier, Bitcoin was still struggling to break out of the US$64,000–US$65,000 range.
During trading on August 19, BTC even managed to climb above US$69,000, its highest level in nearly three months.
Monitor today's Bitcoin price to track its movements regularly.
Why is Bitcoin attracting attention?
One of the main catalysts comes from changing conditions in the United States bond market.
On August 19, the U.S. Treasury announced it would at least double the size of its liquidity support buyback operations for nominal bonds with 10–20 year and 20–30 year tenors. The previous US$2 billion maximum will be increased to at least US$4 billion per operation starting September 9, 2026.
This move helped ease pressure in the bond market and pushed yields lower. Stocks, gold, and Bitcoin all subsequently rallied.
However, BTC's gains were also amplified by conditions in the derivatives market.
MarketWatch reported that the Bitcoin rally triggered over US$1 billion in short position liquidations within about an hour. When short positions are liquidated, traders are forced to buy back the asset to close their positions, which can accelerate price increases.
Bitcoin ETFs also record inflows again
On the institutional side, capital flows into US spot Bitcoin ETFs have also improved.
Farside Investors noted:
- August 17: US$297.5 million net inflow
- August 18: US$189.3 million net inflow
- August 19: approximately US$164.2 million based on data available at the time of checking
This shift is notable as Bitcoin ETFs had previously experienced several sessions of outflows.
A few days of inflows do not guarantee the next price trend, but they indicate that demand through ETF products is recovering alongside the BTC rally.
Why is BTC a Hot Asset this week?
There are three key developments:
Bitcoin rose about 8% in 24 hours and is nearing US$70,000 again.
More than US$1 billion in short positions were liquidated within about an hour as the rally took place.
Spot Bitcoin ETFs have recorded inflows again in the last few sessions.
So, BTC is a Hot Asset not just because its price is rising. Changes in liquidity conditions, ETF flows, and a short squeeze occurred simultaneously, bringing Bitcoin back to the center of market attention.
Hot Asset #2: Ethereum (ETH)
While Bitcoin is attracting attention for nearing US$70,000 again, Ethereum has actually recorded a much larger percentage increase.
On the morning of August 20, 2026, ETH was trading at around US$2,267, up approximately 18.5% over 24 hours and more than 20% over seven days.
Ethereum also managed to break back above US$2,000, a level it had not breached for several months. MarketWatch noted that ETH crossed the US$2,000 mark for the first time in months as the market rally took hold on August 19.
This means that in this latest rally, ETH actually outperformed BTC in percentage terms over 24 hours.
Why is Ethereum attracting attention?
First, ETH is benefiting from a shift in risk appetite that has also lifted Bitcoin.
The expansion of the Treasury buyback program has eased pressure on bond yields, creating a more favorable market environment for risk assets. The crypto market subsequently experienced a broad rally, with BTC returning to US$69,000 and ETH breaking through US$2,000.
However, Ethereum also has its own catalyst regarding ETFs.
Farside Investors noted that spot Ethereum ETFs recorded:
- US$30.9 million net inflow on August 17
- US$71.4 million net inflow on August 18
- approximately US$17.7 million based on data available on August 19 at the time of checking
On August 18, BlackRock ETHA accounted for approximately US$64.7 million of that total inflow.
This provides an additional layer of demand amid the strengthening of ETH prices.
Ethereum also experienced a short squeeze
The Ethereum rally also happened very quickly.
The Block noted that ETH surged while the crypto market experienced nearly US$2 billion in total liquidations within 24 hours, with significant pressure on bearish positions as BTC and ETH moved upward.
This is significant because a short squeeze can accelerate momentum in the short term, but it can also increase volatility once most bearish positions have been closed.
Therefore, ETH's sharp rise should still be viewed in the context of high market risk.
Why is ETH a Hot Asset this week?
There are three key data points that make Ethereum worth highlighting:
ETH rose approximately 18.5% in 24 hours and more than 20% over seven days.
Ethereum has broken back above US$2,000 after several months of trading below that level.
Ethereum ETFs are seeing inflows again, including US$71.4 million on August 18.
As a result, Ethereum has become a Hot Asset for reasons beyond just following Bitcoin. ETH is showing relatively stronger momentum, supported by the return of ETF inflows and a shift in sentiment across the crypto market.
Hot Asset #3: Tether Gold (XAUt) Digital Gold
The third asset brings a very different theme.
Tether Gold (XAUt) is once again a Mobee Top Pick following the surge in global gold prices, which have broken through US$4,500 per troy ounce.
On August 20, 2026, XAUt was trading around US$4,468, up approximately 2.9% in 24 hours. During the same period, XAUt traded in a range between approximately US$4,324 and US$4,504.
You can also access XAUt Digital Gold via Mobee.
Why is gold attracting so much attention?
Global gold prices saw a major rally on August 19.
In Asian trading on August 20, spot gold was around US$4,512 per troy ounce after previously reaching approximately US$4,526, its highest level since June 2, 2026.
One of the drivers once again came from the US Treasury market.
The announcement of an increase in US government bond buybacks pushed bond prices higher and long-term yields lower. This condition tends to support gold because gold does not provide a yield, so a decline in bond yields reduces the opportunity cost of holding it.
A weakening US dollar also provided additional support for gold.
Interestingly, these are the same catalysts that helped improve sentiment for Bitcoin and Ethereum, though they work through different mechanisms.
What do you own when you buy XAUt?
XAUt provides exposure to gold in a digital asset format.
According to Tether, one full XAUt represents one fine troy ounce of physical gold on a London Good Delivery bar. The gold is stored in Switzerland and has identifiers such as a serial number, weight, and purity level.
As of June 30, 2026, Tether reported XAUt reserves of 707,747.139 fine troy ounces, or approximately 22.01 tons of physical gold.
By the end of the second quarter, a total of 612,823.66 XAUt had been sold to users, an increase of approximately 9.5% compared to the end of the first quarter.
On Mobee, XAUt is available through the Digital Goldproduct. Mobee explains that each XAUt represents approximately one troy ounce of gold and is accessible in digital form via the app.
XAUt has also received Sharia certification
Beyond the momentum in gold prices, XAUt has seen other fundamental developments that are still relatively new.
On July 27, 2026, XAUt officially obtained Sharia compliance certification from Amanah Advisors.
According to Tether, the certification process covers physical gold ownership, verifiable asset backing, the absence of usury (riba), and the non-use of leverage or speculative derivatives in the XAUt structure.
This development does not mean the price of XAUt will automatically rise, but it is relevant for expanding the potential use of digital gold within the Islamic financial ecosystem.
Why is Gold a Hot Asset this week?
There are four developments that make XAUt and gold relevant to highlight:
XAUt rose approximately 2.9% in 24 hours to around US$4,468.
Spot gold is back above US$4,500 and briefly reached its highest level since early June.
The decline in Treasury yields and a weaker dollar are providing support for gold prices.
XAUt only recently received Sharia certification from Amanah Advisors at the end of July.
So, gold has become a Hot Asset not just because of its role as an asset frequently used for diversification. Prices, macro conditions, and the development of the XAUt product itself are all converging at the same moment.
Hot Asset #4: SpaceX (SPCX)
SpaceX has become one of Mobee's Selected Assets not because it is currently rallying, but for reasons different from the previous three assets: its price is under pressure due to an event with a date already known to the market, while its business performance is actually hitting record highs. This kind of combination is rare and interesting to understand.
As of August 20, 2026, SPCX is trading at around $139.65, down 2.57% from its previous close of $143.34. The day before, August 19, the stock also fell by 3.09%.
What makes that figure need context: SPCX only listed on the Nasdaq on June 12, 2026 with an IPO price of $135, then closed at $161 on its first day — a 19% jump that made it one of the biggest debuts of the year. Since then, its journey has been far from smooth.
Why is SPCX attracting attention?
The primary trigger is singular and structural in nature, rather than sentimental: the second wave of the insider lockup expiration.
Up to 319 million restricted shares — approximately 7% of total restricted shares — will be released from selling restrictions. This creates what is known as a supply overhang: the market knows additional sellable supply is coming, leading some investors to reduce their positions ahead of the event, while short sellers move in to capitalize on that pressure.
It is important to understand that this is not a sign of any issues with the business. Lockups are a standard mechanism in every IPO: early shareholders are prohibited from selling for a certain period to prevent immediate downward pressure on the price after listing. When that period ends, selling pressure emerges mechanically — regardless of whether the company's performance is good or bad.
Two other factors have exacerbated the situation this week:
- Macro conditions. Rising bond yields and volatility in the debt market have triggered a broad correction in high-valuation tech stocks. SPCX falls into that category.
- Technical resistance. The price has stalled at a key resistance area, and investors are inclined to take profits ahead of the lockup event.
The business performance is actually at its strongest point
This is where the contrast lies, and this part is often missing from reports about the price decline.
In the second-quarter 2026 report released on August 4, SpaceX recorded $7.8 billion in revenue, up 92% year-over-year, exceeding analyst estimates. Its adjusted EBITDA rose by 191%. Nearly doubling revenue in a year is not a figure typically seen in a company of this size.
Its market capitalization is now approximately $1.89 trillion, exceeding the reported $1.5 trillion valuation target prior to the IPO.
Analyst consensus also leans positive: out of 28 analysts, the majority recommend a buy with only 2 sell recommendations, and an average price target of $213.50 — approximately 52.9% above the current price.
However, the range of outlooks is extremely wide, and this is worth noting as is. The circulating price targets range from $117 to $800. The bearish camp highlights a valuation of around 72 times projected earnings and sees a potential downside to $63–$75 per share. Such a significant gap between the best and worst-case scenarios suggests that the current SPCX price reflects future expectations more than today's earnings.
Why is SPCX a Hot Asset this week?
- There is an event with a date known to the market. The expiration of the lockup for 319 million shares is a scheduled catalyst, not a surprise. Events like this typically generate higher-than-usual volatility around their dates.
- Price direction and business direction are moving in opposite ways. Revenue is up 92% and EBITDA is up 191%, while the price has fallen 38% from its peak. This situation is worth watching precisely because these two things cannot continue to diverge forever.
- The range of analyst outlooks is among the widest in the market. A target of $117 to $800 for the same stock signals deep disagreement over its fair value — and disagreement usually leads to significant price movements in one direction or the other.
Four Assets, Two Equally Strengthening Market Themes
BTC, ETH, and gold provide an interesting snapshot of current market conditions.
Bitcoin and Ethereum are carrying a risk-on theme. Both are getting a boost from improving bond market conditions, ETF inflows, and a short squeeze that has accelerated the crypto rally. BTC is approaching $75,000 again, while ETH has even recorded a larger percentage gain.
Meanwhile, gold carries a different theme: declining yields, a weakening dollar, macroeconomic uncertainty, and the need for diversification. Gold prices have returned above US$4,500, driving XAUt to strengthen as well.
Interestingly, this time the two are not moving in opposite directions.
The US Treasury's decision to increase liquidity support through buybacks helped ease yield pressure, which at the same time supported risk appetite for Bitcoin and Ethereum while simultaneously increasing the relative appeal of gold.
However, the risks have not disappeared. The FOMC Minutes released on August 19 show that inflation remains a concern for the Fed, with three members voting for a 25-basis-point rate hike at the July meeting.
Therefore, the volatility of all three assets can still change rapidly in response to Treasury yields, the US dollar, ETF flows, US economic data, Fed policy, and geopolitical developments.
Conclusion
The Mobee Asset Picks for August 20, 2026 highlights Bitcoin, Ethereum, SPCX, and XAUt Digital Gold as all three are currently experiencing strong market momentum.
Bitcoin is approaching US$70,000 again after rising approximately 8% in a single day, supported by a shift in risk appetite, ETF inflows, and a short squeeze.
Ethereum is moving more aggressively, up by approximately 18.5% in 24 hours and has broken back above US$2,000, while Ethereum ETFs are also seeing positive fund inflows again.
On the other hand, spot gold is back above US$4,500 per ounce, while XAUt is trading around US$4,468. The decline in Treasury yields, a weakening dollar, and fundamental developments in XAUt have brought gold back onto the market's radar.
All three demonstrate that assets with different characteristics and risk profiles can simultaneously gain momentum when macroeconomic conditions shift rapidly.
Mobee's next Featured Assets may change according to market developments. Therefore, this page may be updated continuously with the latest assets, data, and catalysts without changing the main URL.
Disclaimer: Mobee's Featured Assets are compiled for informational and educational purposes only and do not constitute investment recommendations or predictions that a specific asset will increase in price. Historical performance does not guarantee future results. Each asset has different characteristics, volatility, structures, and risks. Always study asset information and conduct your own research before making investment decisions.
