Bitcoin trades near $78,623, up 0.4%, with resistance building near $81,250.
XRP jumped over 2.6% on the day, extending a strong weekly gain past 28%.
Jackson Hole and Bitcoin ETF inflows remain key catalysts for this week's price action.
Bitcoin steadied near $78,623 today, holding a narrow band after cooling from Tuesday's high above $81,200. The retreat followed a sharp rally that added more than 20% over the past week. Traders now watch whether support near $78,000 holds through the Jackson Hole symposium.
The 2026 Jackson Hole Economic Policy Symposium opened today and runs through Friday. Fed Chair Kevin Warsh delivers his first keynote as chair on Friday morning. Momentum stayed selective across majors, with Solana and XRP posting the strongest daily moves.
Bitcoin traded at $78,623.57, up 0.4% over the past 24 hours, per live CoinGecko data. Its market capitalization stood at $1.58 trillion. Trading volume over 24 hours reached $27.38 billion. Bitcoin has gained close to 14% over the past seven days.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin is consolidating between $78,000 and $79,000 after facing rejection near $81,000. Spot Bitcoin ETFs have logged seven straight inflow days, pulling in $3.03 billion this August. Gupta placed $80,000 as the level to reclaim, with $77,000 marked as near-term support.
CoinSwitch Markets Desk said BTC is holding near $78,000, backed by seven straight sessions of ETF inflows and rising whale activity. Bitcoin still trades above its 50-day and 200-day EMAs. The desk placed $77,500 as key support, with $80,000 to $82,850 marked as resistance.
Also Read: Bitcoin Holds Near $79K as Altcoin Pullback Tests Weekly Gains
Nischal Shetty, Founder of WazirX, said equity indices stayed marginally lower, leaving little immediate risk-on push for crypto. BTC holds above both its 50-day and 200-day EMAs, though momentum is weakening. Shetty placed support near $77,489, with a break above $82,850 opening a path toward $89,663.
Riya Sehgal, Research Analyst at Delta Exchange, said the market sits in a wait-and-watch phase after Bitcoin's recovery attempt stalled. BTC holds above short-term moving averages, with the 4-hour RSI still above 50. Sehgal placed $76,000 to $75,400 as the zone bulls must defend.
| Name | Price | 1h % | 24h % | 7d % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|---|
| Bitcoin (BTC) | $78,623.57 | 0.10% | 0.40% | 13.90% | $1,578,424,056,657 | $27,388,874,194 |
| Ethereum (ETH) | $2,483.78 | 0.20% | 0.90% | 10.50% | $299,760,585,245 | $12,248,208,717 |
| Tether (USDT) | $0.9999 | 0.00% | 0.00% | 0.00% | $183,336,909,635 | $51,311,682,462 |
| BNB (BNB) | $701.48 | 0.20% | 0.80% | 12.10% | $93,420,714,531 | $901,848,927 |
| XRP (XRP) | $1.40 | 0.20% | 2.60% | 28.20% | $87,795,687,525 | $3,766,555,046 |
| USDC (USDC) | $0.9999 | 0.00% | 0% | 0.00% | $73,866,953,281 | $15,226,315,022 |
| Solana (SOL) | $100.85 | 0.10% | 4.10% | 19.70% | $58,910,349,296 | $3,895,842,637 |
| TRON (TRX) | $0.3342 | 0.00% | 0.90% | 0.70% | $31,725,429,723 | $494,151,796 |
| Figure Heloc (FIGR_HELOC) | $1.03 | 0.00% | 2.40% | 0.80% | $22,450,329,605 | $28,512,432 |
| Hyperliquid (HYPE) | $80.70 | 0.10% | 1.20% | 16.20% | $17,952,554,123 | $1,140,831,194 |
Source: CoinGecko, prices as of today's session.
Solana led the top ten with a 4.1% daily gain, followed by XRP above 2.5% and Figure Heloc near 2.4%. No coin among the top ten posted a decline over the past 24 hours today. Outside the top ten, Zcash extended its pullback after a sharp prior week, cooling off following its recent Grayscale ETF debut.
Jackson Hole's opening day, Warsh's policy stance, and steady ETF demand are today's dominant catalysts.
The 2026 Jackson Hole symposium began today and runs through Friday. This year's theme, Financial Innovation: Implications for Payments and Policy, places digital assets closer to the discussion than in past years.
Traders are not expecting the Fed to address crypto directly. Still, any language on stablecoins, tokenized deposits, or payment rails could move sentiment across majors well before Friday's keynote address arrives.
Fed Chair Kevin Warsh delivers his first Jackson Hole keynote on Friday morning. He described the speech as a blank page during his July press conference, offering markets little forward guidance so far.
Analysts say his tone on inflation and growth will matter more than any single data point. A dovish lean could support Bitcoin, while caution on rates may trigger fresh profit-taking pressure.
US spot Bitcoin ETFs have logged seven consecutive days of net inflows, pushing August totals near $3.03 billion. That pace trails October's monthly record by a narrow margin with days left to trade.
Ether ETFs matched the streak with seven straight inflow sessions of their own. Solana, XRP, and Hyperliquid funds also drew fresh capital, signaling demand broadening beyond the two largest crypto assets.
Futures markets now price roughly a one-in-three chance of a September rate move, down from far higher odds a month earlier. The shift reflects softer expectations following recent Federal Reserve commentary.
A 9-3 dissent at the July Federal Open Market Committee meeting also drew attention. Three regional presidents favored a rate increase, highlighting continued division within the central bank's policy committee.
Grayscale's spot Zcash ETF began trading on NYSE Arca this week under the ticker ZCSH. The fund launched holding roughly 387,200 ZEC after converting from its existing trust structure.
Zcash had rallied sharply in the prior week heading into the listing. Shares reversed once trading opened, a pattern traders often describe as a classic sell-the-news reaction across newly listed products.
Warsh appointed venture investor Marc Andreessen to co-lead a new Productivity and Jobs task force studying artificial intelligence. Andreessen is a longtime Bitcoin advocate, drawing notice from digital asset market participants.
The task force also includes a Stanford economist and a technology executive. Its mandate centers on productivity and employment, though its composition has fueled speculation about future digital asset policy direction.
Also Read: Why Altcoins Are Joining the Crypto Rally After Bitcoin’s Breakout
Bitcoin's next move now hinges on Kevin Warsh's tone at Friday's keynote address. A neutral or dovish message could open a path back toward resistance near $81,250. A hawkish surprise risks a pullback toward the mid-$70,000 support zone.
Solana and XRP have strengthened their case as today's clear market leaders. Traders should track Friday's speech, ongoing ETF flow reports, and September rate expectations closely. Each factor carries the potential to shift positioning quickly across majors and altcoins.
What is the Bitcoin price today?
Bitcoin trades near $78,623.57, up 0.4% over the past 24 hours. Resistance sits near $81,250, while support holds near $77,500, based on levels shared across major trading desks tracking today's session.
Why is Solana outperforming the broader market today?
Solana gained over 4% today, extending recent strength among large-cap altcoins. Renewed trading activity and firmer sentiment around risk assets have supported the token's move higher heading into Jackson Hole.
What is the biggest crypto news today?
The Jackson Hole symposium's opening day, steady Bitcoin ETF inflows, and Fed Chair Kevin Warsh's upcoming Friday keynote stand as today's dominant headlines shaping broader market sentiment across digital assets.
Which coins are performing best today?
Solana leads the top ten with a 4.1% daily gain, followed by XRP and Figure Heloc. No coin among the top ten posted a decline over the past 24 hours today.
What should investors watch this week?
Track Kevin Warsh's Jackson Hole keynote on Friday, ongoing Bitcoin and Ether ETF flow data, and shifting September rate expectations across futures markets closely this week.
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