Bitcoin is experiencing a sharp pullback today after recently breaking above the $80,000 level. As of the latest market data, BTC is trading around $77,400, down roughly 3% over the last 24 hours, with a market capitalization of approximately $1.55 trillion. �
CoinGecko +1
The move comes after Bitcoin reached an intraday high of approximately $81,280 on August 28, before sellers pushed the price back below $80,000. �
The Economic Times
📉 Why Is Bitcoin Falling Today?
One of the biggest catalysts is the latest signal from the Federal Reserve. A more hawkish tone around interest rates has strengthened the U.S. dollar and increased pressure on risk assets, including cryptocurrencies. �
Investor's Business Daily +1
Bitcoin also faced a major derivatives event, with approximately $6.4 billion in Bitcoin options expiring, adding to short-term volatility. �
Investing News Network (INN)
💰 ETF Demand Remains Important
Despite today's decline, institutional demand has recently been a major source of strength. U.S. spot Bitcoin ETFs attracted approximately $1.92 billion during the week ended August 21, marking one of the strongest weekly inflow periods in recent months. �
Forex +1
This suggests that the recent decline doesn't necessarily mean the broader bullish thesis has disappeared. However, traders are watching ETF flows closely because sustained outflows could weaken Bitcoin's recovery.
🔑 Key Levels to Watch$BTC $BTC
Resistance:
$80,000–$81,500 — major psychological and technical zone
A sustained breakout above this area could improve bullish momentum.
Support:
$77,000 — immediate area to watch
A decisive break below this zone could expose BTC to deeper correction.#SchwabPlansToAddSOLAVAXLINKTrading #USShortTermTreasuryYieldsJump #TrumpSaysUSReachedVenezuelaOilDeal #FedSeptRateHikeOddsRiseTo57% $BTC
CoinGecko +1
The move comes after Bitcoin reached an intraday high of approximately $81,280 on August 28, before sellers pushed the price back below $80,000. �
The Economic Times
📉 Why Is Bitcoin Falling Today?
One of the biggest catalysts is the latest signal from the Federal Reserve. A more hawkish tone around interest rates has strengthened the U.S. dollar and increased pressure on risk assets, including cryptocurrencies. �
Investor's Business Daily +1
Bitcoin also faced a major derivatives event, with approximately $6.4 billion in Bitcoin options expiring, adding to short-term volatility. �
Investing News Network (INN)
💰 ETF Demand Remains Important
Despite today's decline, institutional demand has recently been a major source of strength. U.S. spot Bitcoin ETFs attracted approximately $1.92 billion during the week ended August 21, marking one of the strongest weekly inflow periods in recent months. �
Forex +1
This suggests that the recent decline doesn't necessarily mean the broader bullish thesis has disappeared. However, traders are watching ETF flows closely because sustained outflows could weaken Bitcoin's recovery.
🔑 Key Levels to Watch$BTC $BTC
Resistance:
$80,000–$81,500 — major psychological and technical zone
A sustained breakout above this area could improve bullish momentum.
Support:
$77,000 — immediate area to watch
A decisive break below this zone could expose BTC to deeper correction.#SchwabPlansToAddSOLAVAXLINKTrading #USShortTermTreasuryYieldsJump #TrumpSaysUSReachedVenezuelaOilDeal #FedSeptRateHikeOddsRiseTo57% $BTC
