Bitcoin trades near $64,354.99, holding firm after a steady start to August.
Zcash led major movers with a 5.91% daily jump, extending a sharp weekly rally.
US spot Bitcoin ETFs booked three straight days of inflows, while the CLARITY Act stays stuck in the Senate.
Bitcoin held steady above $64,300 through Friday's session. The token consolidated after testing $64,920 earlier in the week. Spot Bitcoin ETFs logged $626 million in net inflows across three sessions. BlackRock's IBIT fund led that run by a wide margin.
Traders now turn to today's US jobs report for direction. The Federal Reserve held rates steady at 3.50-3.75% in July. Three officials on the committee pushed for a rate hike instead. The CLARITY Act remains stalled as the Senate recess begins this week.
Bitcoin traded at $64,354.99, broadly flat over the past 24 hours. This figure reflected live CoinMarketCap data tracked through today's session. Its market cap stood near $1.29 trillion. Trading volume over 24 hours reached $21.64 billion. Price action stays tied to ETF flows, the jobs report, and CLARITY Act headlines.
Here are today's insights from leading crypto market analysts on Bitcoin's structure and the broader macro setup.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin is attempting to reclaim the $65,000 level ahead of today's US jobs report. The market is approaching a critical technical and liquidity zone this week. The $65,000 mark has emerged as the largest short-liquidation cluster, adding to volatility.
He further mentioned institutional demand continues to grow strong, with spot Bitcoin ETFs attracting $626 million in net inflows over three sessions. Part of these inflows reflects investors shifting from self-custody to ETFs following the Coldcard breach. A weekly close above $65,000 could open the path toward $70,000, while a close below $63,000 may expose Bitcoin to $60,000.
According to CoinSwitch Markets Desk, BTC remained range-bound between $64,000 and $65,000 after testing the upper end of the range. Repeated rejections near $65,000 indicate continued selling pressure this week. Broader sentiment stayed cautious as markets awaited clearer macro signals.
They further stated hopes of reopening the Strait of Hormuz provided little support, with oil holding near $76 a barrel. Near-term support sits at $64,350-$64,400, and a break below this zone could expose $64,200. Reclaiming $64,600 may pave the way toward $64,800-$65,000.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $64,300, with improving institutional demand offset by uncertainty over US interest rates. Spot ETFs received about $626 million between August 3 and August 5. That helped buyers defend the $63,000-$64,000 region this week.
He further said these inflows have not been strong enough to clear the larger resistance zone between $66,000 and $66,600. Traders are also watching the jobs report and next week's inflation data. His advice: stagger purchases and keep leverage low until Bitcoin clears $66,600 or loses $63,000 support.
Also Read: Bitcoin Poised for a $75K Rally: See How?
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin is trading around $64,400, with the market consolidating ahead of the US employment report. Resilient labor data and renewed crude strength keep inflation expectations in focus this week. A softer print could ease yields and support risk assets.
She further said Bitcoin is holding the $64,000-$64,200 support zone. A break above $64,750-$65,000 could open $65,250-$65,600, while a move below $64,000 may expose $62,400-$63,100. Ethereum is near $1,900, defending resistance at $1,900-$1,925.
The broader market holds steady, with majors posting mild gains through the session. Here is how the top 10 coins by market capitalization stand today, based on live CoinMarketCap data.
| Rank | Name | Price | 24h % | 7d % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $64,310.25 | -0.77% | 0.0004 | $1.29T | $17.8B |
| 2 | Ethereum (ETH) | $1,900.09 | -0.56% | 0.0017 | $229.3B | $7.57B |
| 3 | Tether (USDT) | $0.9990 | -0.01% | 0.00% | $183.33B | $41.95B |
| 4 | BNB (BNB) | $588.10 | 0.011 | 0.0012 | $78.31B | $942.92M |
| 5 | USDC (USDC) | $0.9997 | 0.0001 | 0.0001 | $71.88B | $7.09B |
| 6 | XRP (XRP) | $1.01 | 0.0287 | 0.0551 | $63.77B | $1.48B |
| 7 | Solana (SOL) | $72.83 | -1.71% | 0.0173 | $42.39B | $1.39B |
| 8 | TRON (TRX) | $0.3263 | -0.01% | 0.0066 | $30.96B | $410.43M |
| 9 | Hyperliquid (HYPE) | $55.29 | 0.0199 | 0.0016 | $13.97B | $233.57M |
| 10 | Dogecoin (DOGE) | $0.06914 | -1.05% | 0.013 | $10.74B | $402.91M |
Biggest Gainers: HYPE, XRP, DOGE
Hyperliquid led the top 10 board today with a gain near 3.7%. XRP and Dogecoin also posted solid daily gains above 1%. Outside the top 10, Zcash extended its rally with a jump above 5.9% on the day.
Biggest Losers: Stablecoins Stay Flat
Tether and USDC barely moved through the session today. Ethereum and Solana posted only modest daily gains overall. Smaller tokens like Canton and Audiera saw double-digit losses, reflecting selective risk appetite.
Custody concerns and stalled legislation continue to steer sentiment across trading desks today. Mixed ETF flow data and fresh macro signals add further context to the session.
US spot Bitcoin ETFs pulled in $244.4 million on Wednesday, extending a three-day streak to $626 million. BlackRock's IBIT fund led the run, capturing $479 million of the total and lifting its cumulative inflows to nearly $61 billion.
The August run has yet to record a single outflow day, a sharp reversal from July's choppier flows. Analysts see the streak as a sign of renewed institutional appetite as Bitcoin holds firm above $64,000.
The Digital Asset Market Clarity Act remains stalled on the Senate calendar this week. The chamber's summer recess begins around August 7, narrowing the bill's legislative window further this year.
Ethics language disputes continue to block bipartisan support for the bill. A Franklin Templeton executive said passage would unlock federal preemption and bring bank liquidity into crypto for the first time.
A firmware bug tied to Coldcard hardware wallets has been linked to nearly $100 million in stolen Bitcoin this month. The exploit has driven dormant address movement as affected holders rush to secure funds.
Whale Alert flagged a 6,196 BTC transfer worth nearly $397 million between unknown wallets this week. On-chain activity has spiked, with active BTC addresses hitting a three-month high.
Also Read: Coldcard Bitcoin Theft Splits as 64 BTC Moves Through Wasabi Mixer
Traders are bracing for today's Non-Farm Payrolls report, which typically moves crypto and equity markets alike. A soft print could ease Treasury yields, while strong data may revive September rate hike bets.
The Fed held rates steady at 3.50-3.75% in July, with three officials favoring a hike. Markets now weigh that split alongside today's labor data for fresh direction.
Zcash extended its rally with a weekly gain above 5.9%, pressing a key triangle breakout pattern. Cardano posted a sharp seven-day gain above 15%, outpacing most large-cap peers this week.
Analysts tied Cardano's strength to progress on its Ouroboros Leios scaling protocol. Zcash's move follows renewed institutional mining interest, including a Nebraska site purchase reported this week.
Tether announced plans to launch its Hadron tokenization platform in Saudi Arabia, starting with institutional real estate assets. The move aligns with the kingdom's Vision 2030 diversification initiative.
The expansion adds to the broader real-world asset narrative gaining traction across the market. Its near-term impact on Bitcoin's price action remains limited, according to analysts.
Bitcoin holds near $64,350 as traders weigh a third straight ETF inflow day against a stalled CLARITY Act. Today's jobs report stands as the session's key catalyst. A close above $65,000 could open a path toward $66,600 resistance. A slip below $63,000 risks exposing deeper support closer to $60,000.
Zcash and Cardano remain the most sensitive names to shifts in altcoin risk appetite this week. Bitcoin's next moves hinge on today's labor data, ETF flow continuity, and the Senate's recess timeline. Next week's inflation print stands as the market's next defining catalyst.
What is the Bitcoin price today?
Bitcoin trades near $64,354.99, broadly flat over the past 24 hours, holding firm above $64,300. Support sits near $63,000, while resistance builds between $65,000 and $66,600 through the coming sessions, according to current analyst levels shared across major trading desks today.
Why are Bitcoin ETFs seeing inflows this week?
US spot Bitcoin ETFs pulled in $626 million over three sessions this week, led by BlackRock's IBIT fund. The August run has yet to post a single outflow day, marking a sharp reversal from July's more volatile and inconsistent flow pattern.
What is the biggest crypto news today?
The Coldcard wallet firmware flaw and today's US jobs report are shaping sentiment across trading desks. The stalled CLARITY Act ahead of the Senate recess and Tether's Saudi Arabia tokenization push add further context to this week's session.
Which coins are performing best today?
Hyperliquid leads top 10 daily gains near 3.7%, followed by XRP and Dogecoin with steady climbs above 1%. Zcash and Cardano lead broader weekly momentum outside the top 10 list, both extending multi-day rallies.
What should investors watch this week?
Track today's US jobs report, the Senate's August recess deadline, and next week's inflation data closely. Bitcoin ETF flow continuity and the Federal Reserve's next rate signals could also shift near-term positioning across the broader crypto market.
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