Bitcoin touched $81,455, its highest since May 15, before retreating toward $79,850 after gaining roughly 26% since the Treasury's August 19 bond buyback announcement. Altcoins mostly consolidated, with the Altcoin Season index at 34/100, while Solana and Zcash slipped and Monero posted a modest gain.
Bitcoin is in a very interesting position right now.
ETF Momentum: Bitcoin ETFs secured $242.3 million in fresh inflows on Thursday, extending their nine‑session streak and pushing total additions since Aug. 17 to roughly $3.04 billion. Issuer Breakdown: IBIT led with $277.6 million in inflows, while FBTC saw $83.6 million in outflows and GBTC recorded $27.2 million in withdrawals.
The cryptocurrency's price has surged 26% this month, according to CoinDesk data, and was recently around $79,200. Gold, meanwhile, has gained 13.8%, with the Nasdaq 100 and S&P 500 indexes adding 4.8% and 3.2%, respectively.
The French Bitcoin treasury firm's private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million.
The end of the Bitcoin bear market could boost investor confidence, potentially leading to increased institutional investments and market stability. CryptoQuant CEO declares Bitcoin bear market over as price metric mirrors 2023 recovery.
Metaplanet moves 1,350 BTC to Coinbase Prime as Bitcoin nears $80,000 before the monthly close.
The 20.21 BTC was linked to marketplaces running between 2016 and 2019, and the man who held it died before it was forfeited.
One number tells the story of bitcoin's week gone by: $14,264. That's how much bitcoin's price added in seven days, the largest single-week dollar gain the asset has ever recorded. The Week by the Numbers Bitcoin closed out the trading week (ending Aug. 23) gaining $14,264, or 22.
Key Threshold: Bitcoin is testing the $80,000 level, where multiple technical and on-chain signals converge, making it a major market barrier. Capital Basis: CryptoQuant analysis shows a capital-weighted cost basis near $79,600, meaning a close above $80,000 could return a large share of invested capital to profit.
Bitcoin profitability data produced a bear-market reversal signal that was also present at the start of 2023.
Bitcoin (BTC) price is currently trading at the $79.8K mark. The sellers are temporarily in charge, and the broader market remains bullish.