Bitcoin takes a breather after adding 23% in 7 days as ETF demand holds steady
7 Articles
7 Articles
The price of Bitcoin is consolidating in the $79,000 range, failing to break the $80,000 mark. This is attributed to profit-taking selling pressure following the recent sharp rise and weakened expectations for a U.S. Federal Reserve interest rate cut after U.S. inflation data came back higher than market forecasts. According to CoinMarketCap, a virtual asset market data site, as of 8:50 AM on the 27th, 1 Bitcoin
The price of Bitcoin experienced an advance of approximately 24% during the week ended August 23, its highest weekly gain in nominal terms since 2023. This move led the asset from the $64,000 zone to briefly exceed $81,000, a level not seen since May 2026. At the close of this edition, Bitcoin quoted around $78,500–$79,000, going back from the maximum intraday of $81,265 recorded on August 25. The question that structures the current debate is n…
Bitcoin Price Slams Into $79K Wall as Rally Momentum Starts Fading
Bitcoin’s struggle to maintain momentum, which has seen its price climb by more than 20% since Aug. 17, continued Wednesday as the cryptocurrency fluctuated between $77,000 and $79,000. Market data showed bitcoin appeared to lose momentum close to the $79,000 range, but saw growing buying pressure pull the price back toward $78,000. This price action […]
According to ChainCatcher, Bitcoin prices have retreated after a 23% surge in the past seven days, currently hovering around $79,000, down about 1.2% in the past 24 hours. The broader CoinDesk 20 index has fallen 2.1% in the past 24 hours. Alternative.me's Crypto Fear & Greed index rose from 27 to 74 in less than two weeks before retreating. However, underlying demand remains strong. According to SoSoValue data, US-listed spot Bitcoin ETFs recor…
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