Bitcoin is catching its breath today after a wild August.
*Price right now*: BTC is trading around *$77,259 - $78,992*, down ∼2% on the day. We saw a high of $80,622 earlier this week and even touched $81,237.
*But zoom out*:
- *+22.85% in the last 7 days*
- *+20.45% this month*
- *+28% in August* - BTC’s biggest monthly gain since Nov 2024
- *Market Cap*: $1.55T
- *24h Volume*: ∼$34B
*Why the rally?*
1. *Institutional inflows*: US spot Bitcoin ETFs just saw $520M in one day - the largest in 3.5 months
2. *Macro fears*: With US debt over $40T and the Treasury buying back bonds to cap yields, more traders are treating BTC as "hard money"
3. *Regulatory progress*: Talk around the Clarity Act + clearer crypto rules is boosting confidence
*What to watch next*
- *Support*: $75,000 - $76,000. The 20-day MA held here during the dip
- *Resistance*: $79,000, then $80,000
- *Volatility*: $604M in crypto liquidations in 24h, so expect fast moves
The trend is still bullish as long as we hold $75K. The big question now: is this just a short pause before $80K, or do we retest lower first?
#Bitcoin #BTC #CryptoNews #SchwabPlansToAddSOLAVAXLINKTrading 
