Bitcoin leads August gains with 23% rise amid geopolitical tension and ETF flow shifts.
Bitcoin held steady between $77,580 and $78,800 despite U.S.-Iran tensions boosting oil prices nearly 2%. It outperformed gold and Nasdaq in August with a 23% gain. Large investors bought $3 billion in BTC last week, while Bitcoin ETFs saw a sharp $201.9M outflow on August 28 after nine days of inflows. BlackRock's Bitcoin and Ethereum ETFs attracted $1.58B in the past week. Key resistance is near $79,400–$80,800, with support around $77,000–$75,000. Market watchers anticipate possible Bitcoin pullback before another rally, amid a hawkish Fed outlook and upcoming economic data releases.
Bitcoin held steady between $77,580 and $78,800 despite U.S.-Iran tensions boosting oil prices nearly 2%. It outperformed gold and Nasdaq in August with a 23% gain. Large investors bought $3 billion in BTC last week, while Bitcoin ETFs saw a sharp $201.9M outflow on August 28 after nine days of inflows. BlackRock's Bitcoin and Ethereum ETFs attracted $1.58B in the past week. Key resistance is near $79,400–$80,800, with support around $77,000–$75,000. Market watchers anticipate possible Bitcoin pullback before another rally, amid a hawkish Fed outlook and upcoming economic data releases.
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