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Bitcoin surges 23% in 3 years, fueled by $1.9B ETF inflows, eyeing $80,000 resistance level.

Market News
24 Aug 2026
UToday
View Source
Bullish
Bitcoin surges 23% in 3 years, fueled by $1.9B ETF inflows, eyeing $80,000 resistance level.

Bitcoin experienced its largest three-year surge with a 23% rise, breaking past $77,500 driven by a $1.9 billion inflow into Bitcoin ETFs. This rally marks a strong recovery after a difficult first half of 2026, shifting market sentiment from bearish to bullish. The surge was triggered by a massive short squeeze and sustained by institutional investment inflows, with technical analysts now seeing $71,000 as a new support level. However, Bitcoin faces significant selling pressure near $80,000, which could slow further gains as investors watch closely for the next move.

More News (BTC)

Bitcoin dips as equity weakness and oil price rise weigh on demand despite strong ETF inflows.

Bitcoin dips as equity weakness and oil price rise weigh on demand despite strong ETF inflows.

Bitcoin fell about 1.1% to $81,392 amid declines in Asian stocks and rising oil prices, which could dampen demand if equity weakness continues. However, U.S. spot bitcoin ETFs saw their largest net inflows in a month, led by BlackRock's IBIT fund, si...

Market News
Neutral
4 hours ago
Ether longs surge over 5 points in USD futures; XRP longs dip slightly on Oct 20

Ether longs surge over 5 points in USD futures; XRP longs dip slightly on Oct 20

On October 20, the share of top-trader accounts holding long positions in Ether on USD-margined futures rose sharply by 5.63 percentage points to 72.18%, indicating increased bullish sentiment. Bitcoin also saw a notable increase of 5.02 points to 65...

Technical Signals
Neutral
4 hours ago
Bitcoin dips to $81,400 amid Asian chip stock selloff and bearish options trading

Bitcoin dips to $81,400 amid Asian chip stock selloff and bearish options trading

Bitcoin fell 0.5% to around $81,400 despite a $526.6 million inflow into U.S. spot bitcoin ETFs, the largest in nearly a month. The drop coincided with a 3.7% fall in South Korea's Kospi index, driven by declines in chipmakers SK Hynix and Samsung am...

Market News
Bearish
5 hours ago
Bitway drops 15.57% while Worldcoin gains 10.61% among top cryptocurrencies.

Bitway drops 15.57% while Worldcoin gains 10.61% among top cryptocurrencies.

Bitway (BTW) experienced the largest 24-hour decline among 89 leading cryptocurrencies, falling 15.57% to $1.92 and dropping in market rank from 36th to 38th. In contrast, Worldcoin (WLD) led the gainers with a 10.61% rise to $0.543, ranking 49th by ...

Market News
Neutral
5 hours ago
Bitcoin dips below $82K amid altcoin losses and macroeconomic pressures

Bitcoin dips below $82K amid altcoin losses and macroeconomic pressures

On October 20, 2026, Bitcoin traded at $81,382, down 1.6% in 24 hours and nearly 7% year-to-date, facing resistance around $82,000. Altcoins like Ethereum, XRP, Dogecoin, and Cardano have seen sharper declines, some losing over 30% this year. The cry...

Market News
Bearish
6 hours ago
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