Bitcoin's struggle at $80K highlights market sensitivity to US policy, potentially influencing broader financial strategies and risk asset trends. Bitcoin faces resistance at $80,000 as traders await US policy signals.
Bitcoin's brief pullback below $78,000 triggered more than $300 million in crypto liquidations as traders took profits after a sharp $80,000 rally driven by Treasury developments, ETF inflows, and a squeeze on bearish positions.
Bitcoin (BTC) could fall toward its long-term support levels before the 2026 U.S. midterm elections if a historical pattern identified by TradingShot plays out.
Holder profitability recovered before Bitcoin fully cleared its overhead supply.
As iShares Bitcoin Trust (IBIT), the largest Bitcoin (BTC) spot exchange-traded fund (ETF) backed by BlackRock Inc. (NYSE: BLK), attracted its highest year-to-date (YTD) weekly cash inflow of $1.33 billion last week; it has since facilitated $5 billion of tax deferred Bitcoin to ETF swaps.
Bitcoin struggled to establish support at $80,000 as investor cohorts all returned to net profitability.
The price of bitcoin fell to $79,000 on Wednesday after gaining 23% in seven days as August ETF inflows climbed above $3 billion.
The world's largest asset manager BlackRock has revealed its $60 billion bitcoin fund is poised to keep growing
Bernstein expects bitcoin to reach $150,000 by mid-2027 in its base case, before reaching a cycle peak of around $300,000 in 2029.
Binance USDC inflow reached a six-month high as Bitcoin ETF demand accelerated during BTC's rally.
Institutional adoption and currency debasement could drive Bitcoin's maturation, potentially stabilizing its market cycles and increasing its value. Bernstein predicts Bitcoin to hit $150K by mid-2027 and $300K by 2029.
BlackRock has reportedly cut the bitcoin ETF swap minimum to $1 million. Explore what the move could signal for access, structure, and market sentiment.