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Bitcoin stalls near $80K as ETF demand cools and exchange reserves hit 2026 highs amid Fed rate hike concerns.

Market News
31 Aug 2026
Coinpaper
View Source
Neutral
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Bitcoin briefly surpassed $81,000 before falling back to around $78,545 on August 31, facing resistance near the $80,000 mark. This pullback coincides with weakening signals from spot ETF demand, rising Bitcoin reserves on Binance to a 2026 high of about 687,000 BTC, and reduced stablecoin liquidity on exchanges. Additionally, markets are pricing a 60% chance of a Federal Reserve rate hike in September, creating further pressure on risk assets like Bitcoin. The near-term price battle centers on support around $77,000 and resistance at $80,000, with investors watching ETF inflows and exchange supply closely amid a more hawkish Fed outlook and typical September caution in crypto markets.

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