Daily Market Update & Latest Analysis: August 31, 2026｜BTC surged more than 30% in August, becoming the best-performing month in history.
But now it’s stuck around 80,000, and funds are starting to rotate into ETH. Will BTC continue its upswing or turn downward? Is the bull market still intact?
As of now, $BTC is around $79,000, up slightly in the past 24 hours; $ETH is about $2,510, up more than 2%. UNI led the entire DeFi/altcoin pack, rising over 8% in the past 24 hours.
U.S. spot Bitcoin ETFs saw net outflows of about $202 million on Friday, ending a streak of nine straight sessions of net inflows. Meanwhile, ETH ETFs continued to record inflows of roughly $102 million that day—its tenth consecutive day of receiving funds. Institutions haven’t fully exited Crypto; instead, they’ve shifted from previously concentrating on buying BTC to ETH, which still has room to catch up.
Yet the macro environment is tightening. Fed Chair Warsh reiterated the 2% inflation target at Jackson Hole, and market expectations for a September rate hike have risen to around 57%.
The 2-year U.S. Treasury yield climbed to 4.34%, strengthening the dollar. The Middle East conflict also pushed Brent crude to around $89. High interest rates combined with high oil prices are not friendly to risk assets that have just rebounded.
Today, we’ll watch whether BTC can regain and hold above $80,000–$80,600. If it can’t, it may keep pulling back toward $77,500. ETH needs to hold $2,480–$2,500—capital rotation is still happening, but only a break above $2,600 would count as a true show of strength.
Which do you favor right now—BTC or ETH? Is anyone still watching the U.S. stock market? #韩国单股杠杆ETF交易下降 #比特币现货ETF结束9日净流入
But now it’s stuck around 80,000, and funds are starting to rotate into ETH. Will BTC continue its upswing or turn downward? Is the bull market still intact?
As of now, $BTC is around $79,000, up slightly in the past 24 hours; $ETH is about $2,510, up more than 2%. UNI led the entire DeFi/altcoin pack, rising over 8% in the past 24 hours.
U.S. spot Bitcoin ETFs saw net outflows of about $202 million on Friday, ending a streak of nine straight sessions of net inflows. Meanwhile, ETH ETFs continued to record inflows of roughly $102 million that day—its tenth consecutive day of receiving funds. Institutions haven’t fully exited Crypto; instead, they’ve shifted from previously concentrating on buying BTC to ETH, which still has room to catch up.
Yet the macro environment is tightening. Fed Chair Warsh reiterated the 2% inflation target at Jackson Hole, and market expectations for a September rate hike have risen to around 57%.
The 2-year U.S. Treasury yield climbed to 4.34%, strengthening the dollar. The Middle East conflict also pushed Brent crude to around $89. High interest rates combined with high oil prices are not friendly to risk assets that have just rebounded.
Today, we’ll watch whether BTC can regain and hold above $80,000–$80,600. If it can’t, it may keep pulling back toward $77,500. ETH needs to hold $2,480–$2,500—capital rotation is still happening, but only a break above $2,600 would count as a true show of strength.
Which do you favor right now—BTC or ETH? Is anyone still watching the U.S. stock market? #韩国单股杠杆ETF交易下降 #比特币现货ETF结束9日净流入
