Overview: 

• |Bitcoin trades near USD 78,876, up 1.2%, holding above key support near USD 77,000. 

• Hyperliquid climbed 4.4%, leading gains among the major tokens tracked today. 

• September rate hike odds firmed to near 64% after Friday's ETF outflow.

Bitcoin opened the new month on steady footing near USD 78,876. The token closed August with a 24% gain, its strongest month since November 2024. Fresh volatility has since crept back into trading.

Hyperliquid led gains among major tokens today, adding 4.4%. Traders are now weighing firming September rate hike odds and a nine-day ETF inflow streak that just broke. Renewed tension in the Gulf region adds another layer of caution.

Bitcoin Price Today

Bitcoin traded at USD 78,876.40, up 1.2% over the past 24 hours, per live CoinGecko data. Its market capitalization stood at USD 1.58 trillion. Trading volume over 24 hours reached USD 29.54 billion, holding steady from the prior session.

Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.

Bitcoin Trades Sideways

CoinSwitch Markets Desk said Bitcoin has traded largely sideways between USD 78,000 and USD 79,000, recovering from a brief dip toward USD 77,000. Renewed US-Iran tensions pushed oil and Treasury yields higher this week. 

The desk placed USD 77,000 to USD 78,000 as immediate support, with USD 80,000 to USD 82,000 marked as resistance overhead.

Yen Carry Trade Risk Looms

Prateek Gupta, Head of Business at Mudrex, said Bitcoin is consolidating after closing August with a 25% monthly gain. Japan's two-year yield climbed to a 31-year high this week. 

Markets are pricing a strong chance of a September Bank of Japan hike. A narrowing yield gap could trigger yen carry-trade unwinding, a dynamic that hurt Bitcoin sharply last year. Strategy's fresh purchase of 4,603 BTC has offered near-term support, Gupta noted.

Also Read: Bitcoin Eyes Best August in Nine Years as Q3 Return Hits 32%

Crypto Prices Today: Top 10 Coins at a Glance

Source: CoinGecko, prices as of today's session.

Biggest Gainers and Losers Today

Hyperliquid led the top ten today, up 4.4% on fresh trading demand. Ethereum followed with a 2.0% gain, while XRP and Solana each added close to 2%. No coin in the top ten posted a decline over the past 24 hours. Tether and USDC held their dollar peg through the session.

Crypto News Today: Top Headlines Impacting Prices

Strategy Resumes Bitcoin Buying

Strategy purchased USD 370 million worth of Bitcoin last week, marking its first fresh buy in roughly two months. The purchase followed a pause during August's sharp rally toward USD 81,000, when the firm stayed on the sidelines.

The move signals renewed corporate treasury appetite heading into September. Analysts view it as a support signal for spot demand. Broader ETF inflows turned choppy toward the end of last week.

Fed Rate Hike Odds Rise

Traders now place roughly 64% odds on a Federal Reserve rate hike at the September 16 meeting. Odds sat near 36% before Chair Kevin Warsh's Jackson Hole address last week.

Rising oil prices pushed the 10-year Treasury yield to 4.78%, adding pressure on risk assets broadly. Friday's August jobs report is now the last major data point before the Fed's decision.

XRP Futures Shift to CME 

Institutional participation in XRP futures is shifting toward CME Group as the token rallied nearly 40% over the past week. Open positions on offshore platforms fell sharply while CME-listed contracts gained ground.

The shift suggests larger, regulated players are building exposure through licensed venues. XRP held just under USD 1.40 during the session, extending a run that has outpaced most major tokens this month.

Lazarus Moves Bitcoin

Blockchain data reviewed by researchers shows wallets tied to North Korea's Lazarus Group sold Bitcoin worth USD 30 million on Hyperliquid. The activity spans roughly three weeks and comes as U.S. officials push to bring the platform onshore.

The findings raise fresh questions about oversight on decentralized derivatives venues. Hyperliquid's token still posted the strongest gain among major coins today despite the scrutiny.

Sberbank Eyes Crypto Collateral

Russia's largest lender is reportedly preparing to accept ether and USDT as collateral for crypto-backed loans, according to local reports. The plan would extend the bank's existing digital asset offerings to retail and institutional clients.

The move follows Russia's new digital asset framework, which already treats select tokens as eligible collateral. Analysts see it as a cautious step toward broader institutional crypto adoption in the region.

Also Read: Bitcoin’s Quantum-Safe Transaction is Live: What it Means for BTC Holders, Future

Bitmine Boosts Ether Holdings

Bitmine Immersion Technologies added a large block of ether to its treasury this week, its biggest single purchase since June. Chairman Tom Lee pointed to the buy as a sign of strong conviction heading into the third quarter.

The purchase arrives as Ethereum trades near USD 2,472, up 2.0% on the day. Corporate treasury demand has become an increasingly watched signal alongside traditional ETF flow data.

Investor and Market Outlook

Bitcoin's next move depends on whether ETF inflows recover after Friday's outflow broke a nine-day streak. A steady return of institutional demand could support a fresh test near USD 80,000. Continued softness may pull price back toward the USD 76,000 to USD 77,000 support band flagged by several desks.

Hyperliquid and XRP look best positioned among majors, backed by fresh capital rotation and institutional futures demand. Traders should track Friday's jobs report, the September 16 Fed decision and any follow-through from Gulf tensions this week.

FAQs

What is the Bitcoin price today? 

Bitcoin trades near USD 78,876.40, up 1.2% over the past 24 hours, according to live CoinGecko data. Resistance sits near USD 80,000, while support holds near USD 77,000, based on levels flagged across major trading desks this week.

Why did Hyperliquid outperform the broader market today? 

Hyperliquid gained 4.4% today, the strongest move among major tokens. Fresh trading volume and continued platform activity added demand. North Korean wallet activity on the exchange drew fresh scrutiny from researchers this week.

What is the biggest crypto news today? 

Strategy's renewed Bitcoin purchase, climbing rate hike odds and the institutional shift in XRP futures stand as today's dominant headlines. Together, they are shaping sentiment across large- and mid cap tokens.

Which coins are performing best today? 

Hyperliquid leads the top ten, up 4.4% on the day. Ethereum follows with a 2.0% gain, while XRP and Solana each add close to 2%. No coin among the top ten posted a decline today.

What should investors watch this week? 

Track Friday's August jobs report, the September 16 Federal Reserve decision and fresh Bitcoin ETF flow data. These signals will likely decide whether Bitcoin can reclaim the USD 80,000 resistance zone this month.