Bitcoin is poised for another upward move after buyers defended the $77,000 support level during a volatile end to August. Despite a sharp intraday drop triggered by hawkish Federal Reserve comments, Bitcoin stabilized near $77,100 and is consolidating around $78,000. Institutional investors like Michael Saylor's Strategy continue accumulating Bitcoin, reinforcing confidence. The key challenge ahead is breaking above the $80,000-$81,000 resistance to sustain the rally after a strong third-quarter gain of over 32%.
Bitcoin's price retreated from above $81,000 to around $78,700 amid concerns about a possible September Federal Reserve rate hike. Analysts highlight that sustained spot ETF demand and institutional buying are crucial to support the rally, especially...
Most major cryptocurrencies experienced price drops, with Bitcoin trading around $78,672, down 0.81%, and Ethereum falling 2.21% to $2,470.45. Other coins like Solana, Cardano, and Ripple also saw declines, reflecting ongoing market volatility and in...
Bitwise's XRP ETF has reached over $500 million in assets under management within nine months of its November 2025 launch on the NYSE. This growth is notable despite XRP's price dropping 66% in 2026, showing strong investor interest and capital inflo...
Leveraged hedge funds trading on the CME have shifted from a long-standing net short position to a net long stance on bitcoin futures. This change marks a rare bullish move, indicating growing confidence in a bitcoin price rally. The shift could infl...
Japan's two-year government bond yield rose to 1.746%, its highest in over 31 years, increasing the cost of the yen carry trade that funds global risk assets like Bitcoin. Despite a narrower yield gap with the US, the yen weakened past 160 per dollar...
