Bitcoin holds above $77K, and ETFs return strongly!
Peace be upon you
We open Thursday’s session in the digital currency markets with anticipation, as Bitcoin remains above $77,000 following August’s surge that exceeded 25%.
📊 Market Prices:
· BTC : ~77,300$ (recovered from $76,200)
· ETH : ~2,390$
· SOL : ~99.5$ (near $100)
📉 Key Events:
1. Bitcoin corrects – after a jump to $81,520, it saw a correction to 76,200$ , then returned to $77,300, a weekly drop of ~2.14%.
2. BTC ETF funds record inflows of $1.01 billion$ – with iShares dominance, a strong sign of renewed institutional confidence.
3. Today’s U.S. economic report – “The Beige Book” is released today, and may provide signals about the path of future interest rates.
⚠️ Overall backdrop: Job data shows a slowdown (38K jobs), while oil continues rising (Brent 95.6$ and WTI $91) amid U.S.-Iran tensions.
🔥 Hot news: Opensea renews NFT support on Solana after a 4-year absence, which could revive the market
🗳️ Tomorrow: Non-farm payroll data – the most important event this week
#Binance
Peace be upon you
We open Thursday’s session in the digital currency markets with anticipation, as Bitcoin remains above $77,000 following August’s surge that exceeded 25%.
📊 Market Prices:
· BTC : ~77,300$ (recovered from $76,200)
· ETH : ~2,390$
· SOL : ~99.5$ (near $100)
📉 Key Events:
1. Bitcoin corrects – after a jump to $81,520, it saw a correction to 76,200$ , then returned to $77,300, a weekly drop of ~2.14%.
2. BTC ETF funds record inflows of $1.01 billion$ – with iShares dominance, a strong sign of renewed institutional confidence.
3. Today’s U.S. economic report – “The Beige Book” is released today, and may provide signals about the path of future interest rates.
⚠️ Overall backdrop: Job data shows a slowdown (38K jobs), while oil continues rising (Brent 95.6$ and WTI $91) amid U.S.-Iran tensions.
🔥 Hot news: Opensea renews NFT support on Solana after a 4-year absence, which could revive the market
🗳️ Tomorrow: Non-farm payroll data – the most important event this week
#Binance