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Bitcoin breaks $79,000, fueled by strong spot demand and $1.92B ETF inflows, hinting bear market may end.

Market News
23 Aug 2026
Blockonomi
View Source
Bullish
Bitcoin breaks $79,000, fueled by strong spot demand and $1.92B ETF inflows, hinting bear market may end.

Bitcoin surged past $79,000 after breaking a six-week range, driven by strong spot demand and $1.92 billion inflows into U.S. spot Bitcoin ETFs over five days. This rally, supported by short-term holders reclaiming cost bases near $68,500 and a $3 billion short squeeze, suggests growing institutional confidence. While analysts see signs the bear market may be ending, key resistance levels around $80,000 to $83,000 must hold for a confirmed trend reversal. Continued ETF and spot demand will be crucial to sustain the rally.

More News

Sigenergy debuts AI-powered energy solutions and new partnerships at Malaysia's IGEM 2026.

Sigenergy debuts AI-powered energy solutions and new partnerships at Malaysia's IGEM 2026.

At Malaysia's IGEM 2026, Sigenergy showcased its latest AI-driven energy technologies, including smart storage and inverter systems, highlighting its role in advancing sustainable energy. The company also signed MOUs with local partners Milieu and YT...

Market News
Bullish
4 hours ago
Grayscale's mini Ether fund sees $103.3M inflows, offsetting $71.6M outflows from ETHE, netting $31.7M in Ether purchases.

Grayscale's mini Ether fund sees $103.3M inflows, offsetting $71.6M outflows from ETHE, netting $31.7M in Ether purchases.

Grayscale's mini Ether fund recorded net purchases of $103.3 million over 20 days, which offset $71.6 million in outflows from its older ETHE product, resulting in a combined net purchase of about $31.7 million in Ether. This shift is seen as an inte...

Market News
Neutral
4 hours ago
Solana (SOL) trades near $110; CoinDCX forecasts $116-$134 range for October 2026.

Solana (SOL) trades near $110; CoinDCX forecasts $116-$134 range for October 2026.

Solana (SOL) was trading at $109.91 on Binance spot as of early October 10. CoinDCX issued a forecast on October 7 projecting Solana's price to range between $116.30 and $134 during October 2026, with a target price of $126. The current price differe...

Market News
Neutral
4 hours ago
Cardano (ADA) tests resistance at $0.26-$0.27 with stalled momentum, eyes $0.30 next if breakout occurs.

Cardano (ADA) tests resistance at $0.26-$0.27 with stalled momentum, eyes $0.30 next if breakout occurs.

Cardano (ADA) is currently testing a resistance zone between $0.26 and $0.27 after recent gains, but momentum indicators show the upward push has stalled. Key technical levels include support at $0.23 and potential upside at $0.30 if ADA can break ab...

Technical Signals
Neutral
4 hours ago
A whale holds a $32.36M short Bitcoin position with 13x leverage near major liquidation anniversary.

A whale holds a $32.36M short Bitcoin position with 13x leverage near major liquidation anniversary.

A large trader on Hyperliquid is holding a $32.36 million short position in Bitcoin using 13x leverage, covering 391.48 BTC at an average entry price of $82,863.10. The position has a liquidation price of $99,801.20 and currently shows an unrealized ...

Technical Signals
Neutral
4 hours ago
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