Bitcoin is hovering near $77,000 amid concerns over a potential Federal Reserve rate hike and September’s historically weak seasonality.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $77,238 |
| Ethereum | (CRYPTO: ETH) | $2,417 |
| Solana | (CRYPTO: SOL) | $100.82 |
| XRP | (CRYPTO: XRP) | $1.37 |
| Dogecoin | (CRYPTO: DOGE) | $0.0823 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055188 |
Notable Statistics:
- Coinglass data shows 70,352 traders were liquidated in the past 24 hours for $216.58 million.
- SoSoValue data shows net inflows of $216.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $87.7 million.
- In the past 24 hours, top gainers include Arbitrum, Curve DAO and Uniswap.
Notable Developments:
- Is Bitcoin’s Best August in Years Ready for September Volatility?
- Bitcoin Rallied 172% and 350% After Its Last Gold Correlation Spikes: Will History Repeat?
- Dollar ‘Endgame’ Is Great News For Bitcoin and Gold, Says Industry Expert
- Bitcoin On-Chain Analysis Shows Whales Are Buying—But So Is ‘Hot Money’
- Gary Cardone Calls $5M Bitcoin ‘Stupid’ but Critic Says That’s a ‘Logical Fallacy’
- Strategy Slams MSCI Rule as a ‘Pretext’ to Exclude Bitcoin Companies
- Ripple, SettleMint Team Up Amid ‘Surprisingly Resilient’ XRP ETF Flows
Trader Notes:
Altcoin Sherpa remains bullish on Bitcoin but sees the current range as unclear and says a short-term reset is possible. He expects centralized-exchange altcoins to stay choppy until BTC breaks out, while on-chain tokens could continue producing outperformers.
Michael van de Poppe noted Bitcoin remains stuck in a choppy range while altcoins show relative strength. He sees a possible BTC liquidity sweep toward $76,000, which could offer an entry opportunity.
CryptosBatman highlighted that Bitcoin posted its first green August since 2021, but history points to caution: every previous positive August was followed by a red September, traditionally one of BTC’s weakest months.
Image: Shutterstock
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