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Bitcoin rallies 30% in August but Fidelity warns bear market may not be over yet.

Market News
04 Sep 2026, 14:30 WIB
Bitcoin
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Neutral
Bitcoin rallies 30% in August but Fidelity warns bear market may not be over yet.

Bitcoin surged about 30% in August, reaching near $81,000, its best month since November 2024. Despite this rally, Fidelity Digital Assets cautions that the bear market might not be over, highlighting the possibility of a new low around November 2026 based on historical four-year cycles. Key factors influencing the market include the upcoming Senate vote on the Digital Asset Market Clarity Act and growing stablecoin transaction volumes. Fidelity also notes that bitcoin has yet to close above a critical resistance level, leaving uncertainty about the market's direction.

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