Bitcoin reclaims $78k as sentiment cools, setting up a potential September rally.
Treasury buybacks, ETF inflows and a weaker dollar ignite crypto's breakout.
Bitcoin ETFs pulled in $1.92 billion last week, their biggest haul in 10 months, as Bitcoin jumped 23% to around $78,000; BlackRock's fund alone took in $1.3 billion. Bitcoin is now pushing toward $79,500-$80,000 resistance, with support around $75,000-$76,000 and then $71,500 if the rally cools.
Bitcoin holds near $77,000 as traders await July PCE inflation, revised U.S. GDP and Kevin Warsh's first Jackson Hole keynote.
Open interest fell 2.65% and funding stayed near baseline, pointing to leverage clearing rather than longs rebuilding.
Bitcoin continues to demonstrate resilience above the $77,000 threshold this Monday, supported by a combination of favorable regulatory developments, strategic Treasury decisions, and evolving geopolitical dynamics.
The prominent financial educator Robert Kiyosaki has issued another recommendation for Bitcoin accumulation. On August 22, the author of the bestselling personal finance book posted on X, encouraging his audience to safeguard their financial positions through strategic purchases of Bitcoin, gold, silver, and carefully chosen real estate investments.
Bitcoin trades near $77,000 as the crypto week ahead brings PCE inflation, Nvidia earnings, Jackson Hole, and major network events.
Ray Dalio says investors should hold Bitcoin as U.S. debt risks mount. BTC trades near $77,400 after a 20% weekly rally tied to Treasury buyback moves.
Bitcoin has posted its largest dollar-denominated weekly gain on record, adding $14,264 to close at $77,387 as Strive CEO Matt Cole predicts the next Bitcoin cycle could be its strongest yet. Bitcoin has gained roughly 22.
The dollar fell to its lowest reading since late May, gold rose to its highest since early June, and bitcoin jumped in double digits toward the summer high. Behind all three moves is one decision by the U.S. Treasury.
Trump said additional U.S. Bitcoin accumulation has been discussed but announced no purchases, funding mechanism or implementation timeline.