Bitcoin trades near $79,050, up 1.95%, with resistance building near $81,250.
XRP jumped 5.82% on the day, extending a weekly gain past 43%.
Jackson Hole and Bitcoin ETF inflows remain key catalysts for this week's price action.
Bitcoin held steady near $79,050 today, consolidating after briefly touching $81,257 earlier this week. That intraday high marked its strongest level since mid-May. Traders now watch whether the $78,000 zone holds through Friday's Jackson Hole address.
Momentum stayed broad across the top ten coins today. XRP led daily gains, while Solana and Dogecoin also posted strong moves. ETF inflows and a softer dollar continue feeding the advance. Fed Chair Kevin Warsh's Jackson Hole keynote remains this week's central catalyst.
Bitcoin traded at $79,050.81, up 1.95% over the past 24 hours, per live CoinMarketCap data. Its market capitalization stood at $1.58 trillion. Trading volume over 24 hours reached $37.85 billion. Bitcoin has gained 22.95% over the past seven days.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
CoinSwitch Markets Desk said Bitcoin needs to clear $82,800 to $83,000 to strengthen its bull case. Whale profit-taking and roughly 53,000 BTC moving to exchanges point to pullback risk. The desk placed $73,000 as first support, with $67,000 the stronger floor below that level.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin is consolidating as traders await PCE inflation and GDP data. CryptoQuant's Bull Score jumped from 30 to 80 within a week, its strongest reading since October 2025. Short-term holder whales realized $1.2 billion in profits over three days.
Vikram Subburaj, CEO of Giottus, said Bitcoin remains supported after briefly crossing $81,000 this week. US spot Bitcoin ETFs attracted roughly $2.26 billion between August 17 and 24. Subburaj recommended staggered entries, with $78,000 marked as support and $81,250 as the key resistance.
Also Read: Bitcoin vs. Sovereign Debt: Can Fiscal Stress Strengthen BTC's Role as a Hedge?
Piyush Walke, Derivatives Research Analyst at Delta Exchange, said Bitcoin eased after briefly breaking above $80,000 for the first time since May. BTC remains up roughly 16% over the past week. An RSI near 80 could trigger a brief cooldown before the next directional move.
Nischal Shetty, Founder of WazirX, said total crypto market cap slipped modestly even as liquidations reached $641.79 million, mostly longs. The Fear and Greed Index still reads 80. He placed BTC support at $78,000 and $77,000, with resistance at $79,500 and $80,000.
| Rank | Name | Price | 24h % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $79,050.81 | 0.0195 | $1.58T | $37.85B |
| 2 | Ethereum (ETH) | $2,464.41 | 0.0171 | $297.4B | $14.72B |
| 3 | Tether (USDT) | $0.9998 | 0.0001 | $183.2B | $75.06B |
| 4 | BNB (BNB) | $695.37 | 0.0306 | $92.59B | $1.58B |
| 5 | XRP (XRP) | $1.43 | 0.0582 | $90.05B | $4.22B |
| 6 | USDC (USDC) | $1.00 | 0.0001 | $73.72B | $16.05B |
| 7 | Solana (SOL) | $96.81 | 0.0552 | $56.47B | $4.43B |
| 8 | TRON (TRX) | $0.3383 | 0.0178 | $32.11B | $676.23M |
| 9 | Hyperliquid (HYPE) | $81.92 | 0.0098 | $20.63B | $962.72M |
| 10 | Dogecoin (DOGE) | $0.08657 | 0.0679 | $13.47B | $965.29M |
Source: CoinMarketCap, prices as of today's session.
Dogecoin led the top ten with a near 7% daily gain, followed closely by XRP above 5%. Solana and BNB also posted solid moves higher today. No coin among the top ten posted a decline over the past 24 hours.
Stablecoins USDT and USDC held their pegs near parity, as expected in calmer sessions. Broad, coin-wide buying rather than rotation out of any single asset defined today's price action.
Bitcoin's rejection near $81,000, fresh ETF data, and Washington's crypto policy timeline are today's dominant catalysts.
Bitcoin touched an intraday high near $81,257 on Tuesday before slipping back toward $79,000. The rejection came close to its 50-week moving average, a level traders are watching closely.
The pullback followed a 22% weekly surge into the move. Analysts note the retreat looks like healthy consolidation rather than a trend reversal, given ETF demand remains firmly positive.
US spot Bitcoin ETFs drew $337.56 million on Monday, marking a seventh consecutive session of net inflows. Ether funds added $115.57 million over the same stretch of trading.
Solana ETFs pulled in $33.49 million, and XRP funds added $13.82 million. Bitcoin ETF assets have climbed above $98 billion, up sharply from just a week earlier.
Fed Chair Kevin Warsh delivers his first Jackson Hole keynote this Friday, and markets are treating it as the week's central event. His tone on rates could shape yields into September.
A hawkish surprise could pressure Bitcoin back toward $75,500 support, according to trading desks. A neutral or dovish tone could instead extend the current breakout further.
The Senate scheduled a procedural vote on the Digital Asset Market Clarity Act for September 15. That cloture vote requires 60 votes to advance the bill to full debate.
Banking-sector objections over stablecoin yield provisions remain the central sticking point. Industry groups view the vote as the clearest sign yet of possible progress this year.
Bitcoin and broader crypto markets extended gains after their sharpest three-day rally since 2023. More than $4 billion in bearish positions faced forced liquidation during the move.
The Treasury's plan to increase long-dated bond purchases briefly pushed yields lower. That shift helped revive demand for risk assets, supporting bitcoin alongside gold's own rally.
Short-term holder whales realized roughly $1.2 billion in profits over three days, according to CryptoQuant data. Around 53,000 BTC also moved onto exchanges during the same window.
Analysts read the flows as a caution flag rather than a reversal signal. Sustained ETF inflows alongside the selling suggest fresh buyers continue absorbing available supply.
Also Read: Crypto News Today: Bitcoin Inflows, XRP Active Addresses Jumps, Zcash Reached 8-year High
Bitcoin's next move now hinges on Kevin Warsh's tone at Jackson Hole this Friday. A neutral or dovish message could open a path toward $81,250 resistance. A hawkish surprise risks a deeper pullback toward $75,500 support.
XRP and Dogecoin have strengthened their case as today's market leaders. Traders should track Friday's PCE inflation data, the CLARITY Act's September 15 vote, and daily ETF flow reports. Each carries the potential to shift positioning quickly across majors and altcoins alike.
What is the Bitcoin price today?
Bitcoin trades near $79,050.81, up 1.95% over the past 24 hours. Resistance sits near $81,250, while support holds near $78,000, based on levels shared across major trading desks tracking today's session.
Why is XRP outperforming the broader market today?
XRP gained nearly 6% today, extending a weekly rally past 43%. Renewed institutional interest and improving sentiment around US crypto regulation have supported the token's sharp recent move higher.
What is the biggest crypto news today?
Bitcoin's rejection near $81,000, a seventh straight day of ETF inflows, and the CLARITY Act's September 15 Senate vote stand as today's dominant headlines shaping broader market sentiment.
Which coins are performing best today?
Dogecoin leads the top ten with a near 7% daily gain, followed by XRP and Solana. 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 speech on Friday, the CLARITY Act's cloture vote on September 15, and daily ETF flow data across Bitcoin, Ethereum, Solana, and XRP closely.
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