Bitcoin fell below $77,000 after renewed Middle East tensions but rapidly recovered toward $79,000, with market capitalization near $1.58 trillion and dominance above 58.5%. Bitcoin remains up more than 24% in August, its best August since 2017, even as oil rose above $90 and global stocks weakened.
Metaplanet CEO Simon Gerovich believes Bitcoin's recent recovery could mark the end of its latest downturn.
The filed ratio moves with cash and claims, while MSTR dilution and legal priority shape real losses.
Is Saylor planning to buy Bitcoin again, or is he setting a trap for investors?
Bitcoin held near the $78,000 area as geopolitical tension around the Strait of Hormuz pushed Brent crude above $90, giving traders another macro-risk event to price across energy, inflation, and risk assets. The move followed a CENTCOM statement on the escalation, while oil markets reacted to the risk of disruption around one of the world's most important energy chokepoints.
Much has recently been said about the burgeoning U.S. federal debt and how it's bullish for hard assets such as bitcoin BTC$78,542.02 and gold. The problem looks more severe once that debt is weighed against gross domestic product (GDP) and then compared against other nations'.
Bitcoin, the pioneer cryptocurrency, is now trading around $78,320 after a modest pullback, but it is still up about 2% over the past week. While BTC is ending August with a strong 24% gain, raising the question of whether the rally will continue into September, a month that has historically seen an average 3% decline.
Bitcoin enters September near $78,500 as ETF demand cools, Binance reserves hit a 2026 high and Fed rate-hike expectations increase.
Bitcoin gained roughly 24% in August, its strongest performance for the month since 2017, as ETF inflows and short liquidations accelerated.
Metaplanet moved 2,400 BTC, worth about $186 million, into Coinbase Prime in just three hours on August 31, its third large transfer to the exchange since August 25. Six Transactions, Three Hours, $186 Million Metaplanet moved again, and this time onchain trackers caught nearly every step.
Could Metaplanet's latest Bitcoin transfer signal a shift in its long-term treasury strategy?
In contrast to XMR, POL, PUMP, RAIN, and TRUMP have plunged hard over the past 24 hours.