Bitcoin trades near $80,784, up 4.93%, with resistance building at $83,000 this week.
Solana jumps 9% on a network upgrade and its first on-chain governance vote.
Jackson Hole and Bitcoin ETF inflows remain key catalysts for this week's price action.
Bitcoin pushed close to $81,000 today, extending a rally that has reshaped market sentiment. The move builds on last week's sharp rebound. Traders are now watching whether the psychological $80,000 barrier holds as support.
Momentum is broad, not narrow. Ethereum, Solana and XRP all posted strong 24-hour gains alongside Bitcoin. ETF inflows, Treasury buyback flows and a softer dollar are feeding the advance. Attention now turns to Fed Chair Kevin Warsh's Jackson Hole speech later this week.
Bitcoin traded at $80,783.85, up 4.93% over the past 24 hours, per live CoinMarketCap data. Its market capitalization stood at $1.62 trillion. Trading volume over 24 hours reached $60.51 billion. Bitcoin has gained 25.94% 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 is testing $80,000 after a sharp rebound. Softer Treasury yields, a weaker dollar and renewed spot ETF demand drove the move. Short liquidations added extra fuel through the session.
The desk flagged overbought conditions on short-term charts. Some consolidation looks likely near current levels. The $74,000 to $76,000 zone remains key support on any pullback, with $83,000 as the next resistance test above.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin logged its largest weekly dollar gain on record. The move added more than $14,200 to its price in a single week. Sentiment has now shifted sharply.
The Fear and Greed Index moved into Extreme Greed for the first time since November 2024. Gupta said Bitcoin must clear $80,000 to confirm the breakout. He placed $77,000 as the key support level below.
Rajagopal Menon, Vice President at WazirX, cited investor John Templeton's view that bull markets mature on optimism. Bitcoin's push above $80,000 and broadening altcoin strength suggest markets are moving past earlier scepticism, he said.
A softer dollar and US fiscal concerns support Bitcoin's case as a scarce, global asset, Menon noted. He flagged that tensions tied to Iran could pressure risk assets if energy prices climb or liquidity tightens.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin's break above $80,000 pulled the wider market higher. Ethereum, Solana and XRP all advanced alongside it. Liquidations topped $634.9 million over the past 24 hours.
Short positions accounted for most of that forced covering, per CoinGlass data. Sehgal placed Bitcoin's demand zone near $75,500 to $76,200. She flagged $81,500 to $82,300 as the next resistance band to watch.
Also Read: Bitcoin Surges $15,000 as Short Squeeze Pushes Price Toward $80,000
Nischal Shetty, Founder of WazirX, said crypto markets logged $206.4 million in net inflows on August 24. Weekly Bitcoin inflows reached $1.92 billion. Ethereum added $697 million over the same stretch.
Solana ETFs pulled in $33.5 million, while XRP ETFs added $13.8 million, Shetty said. He called this a sign of demand broadening past the two largest tokens. Bitcoin must hold $80,000 for the trend to stick.
| Rank | Name | Price | 24h % | 7d % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $80,783.85 | 0.0493 | 0.2594 | $1.62T | $60.51B |
| 2 | Ethereum (ETH) | $2,510.13 | 0.027 | 0.326 | $302.92B | $23.59B |
| 3 | Tether (USDT) | $0.9997 | 0.0006 | 0.0008 | $183.18B | $114.78B |
| 4 | BNB (BNB) | $716.40 | 0.0258 | 0.1882 | $95.39B | $2.04B |
| 5 | XRP (XRP) | $1.52 | 0.0288 | 0.5261 | $95.37B | $6.69B |
| 6 | USDC (USDC) | $1.00 | 0.0002 | 0.0001 | $73.66B | $22.77B |
| 7 | Solana (SOL) | $102.30 | 0.0896 | 0.3519 | $59.67B | $7.53B |
| 8 | TRON (TRX) | $0.3445 | 0.0014 | 0.0393 | $32.70B | $528.04M |
| 9 | Hyperliquid (HYPE) | $81.05 | 0.0117 | 0.3706 | $20.42B | $972.86M |
| 10 | Dogecoin (DOGE) | $0.09295 | 0.0122 | 0.3334 | $15.92B | $1.40B |
Source: CoinMarketCap, prices as of today's session.
Solana led the top 10 by a wide margin, up nearly 9% on the day after network upgrades and steady ETF interest. Bitcoin followed close behind with a near-5% jump, its strongest single-day move in weeks. XRP also stood out, adding close to 3% as weekly gains stretched past 52%.
No coin among today's top 10 posted a decline over 24 hours. Stablecoins USDT and USDC held their pegs near parity, as expected. Broad, coin-wide buying rather than rotation out of one asset defined the session.
Solana's network upgrade and Jackson Hole positioning stand as today's dominant catalysts. Institutional inflow data and steady ETF demand add further weight to sentiment heading into the week.
Solana activated the first phase of upgrade SIMD-0525 this week, cutting its target slot time from 400 milliseconds to 350 milliseconds. The change marks a step toward the network's longer-term 200-millisecond goal. Faster block times aim to improve throughput for traders and developers alike.
Bitwise's Solana Staking ETF, ticker BSOL, attracted more than $20 million in fresh inflows around the same period. Analysts view the combination of technical progress and institutional demand as broadly supportive. SOL's price reaction today reflects that dual momentum clearly.
Solana's network began its first major on-chain governance vote this week, covering the Solana Constitution and new fee mechanics. The proposals also include a plan to double the network's disinflation rate over time. A frontend display glitch briefly misstated the quorum threshold.
The on-chain vote itself remained unaffected by that error, developers confirmed. Some institutional validators have pushed back against the proposed economic changes. Analysts called the vote a maturity milestone, even as the debate over tokenomics continues.
US spot Bitcoin ETFs pulled in close to $1.92 billion in net inflows across five straight sessions last week. Ethereum ETFs added a further $697 million over the same window, per desk-level tracking data. The pace marks one of the stronger stretches this year.
Solana and XRP ETFs also posted positive, if smaller, inflows during the period. Analysts see the spread of demand across multiple tokens as a healthy signal. It suggests institutional appetite is no longer concentrated only in Bitcoin.
Fed Chair Kevin Warsh delivers his first Jackson Hole keynote this Friday, and traders are treating it as the week's central event. His tone on interest rates could shape bond yields and risk appetite through September. Markets have priced in some uncertainty ahead of the address.
A hawkish surprise could pressure Bitcoin back toward the $75,500 support zone, according to several trading desks. A neutral or dovish tone, by contrast, could extend the current breakout. Positioning ahead of Friday remains cautious but constructive.
Bitcoin and Ethereum derivatives recorded roughly $634.9 million in combined liquidations over the past 24 hours. Short positions accounted for the bulk of that forced covering, according to CoinGlass data cited by multiple desks. The reset added extra fuel to the rally.
Spot ETF buying continued alongside the liquidation wave rather than pausing. Analysts described the move as compounding demand, not a shift toward caution. Elevated implied volatility suggests further swings remain likely through the week.
Also Read: 10 Reddit Communities Every Crypto Beginner Should Know
Crypto markets logged $206.4 million in net inflows on August 24 alone, according to WazirX trade desk data. Weekly Bitcoin inflows reached $1.92 billion, while Ethereum added $697 million over the same period. Gold and oil also advanced the same session.
Solana ETFs drew $33.5 million and XRP ETFs added $13.8 million, signalling demand is spreading further. Desks noted that sustained buying beyond the two largest tokens would strengthen the case for a broader, more durable market trend.
Bitcoin's path above $80,000 now hinges on Kevin Warsh's tone at Jackson Hole this Friday. A neutral or dovish message could open a run toward $82,000 to $85,000. A hawkish surprise risks a pullback toward $75,500 support.
Solana's network upgrades and steady ETF inflows have strengthened its case as a market leader this week. Traders should track Friday's PCE inflation data, the CLARITY Act's pending Senate vote, and ETF flow reports daily. Each carries the potential to shift positioning quickly across majors and altcoins alike.
What is the Bitcoin price today?
Bitcoin trades near $80,783.85, up 4.93% over the past 24 hours. Resistance sits near $83,000, while support holds near $75,500 to $76,200, based on levels shared across major trading desks tracking today's session closely.
Why is Solana outperforming the broader market today?
Solana gained nearly 9% after activating a network upgrade that cut block times and advanced its first on-chain governance vote. Steady ETF inflows into Bitwise's Solana Staking ETF added further institutional support to the move.
What is the biggest crypto news today?
Solana's technical upgrade and governance vote, Kevin Warsh's upcoming Jackson Hole keynote, and continued Bitcoin ETF inflows stand as today's dominant headlines. Together, they are shaping broader sentiment across both major and mid-cap tokens.
Which coins are performing best today?
Solana leads the top 10 with close to a 9% daily gain, followed by Bitcoin and XRP. No coin among the top 10 posted a decline over the past 24 hours, reflecting broad, market-wide buying.
What should investors watch this week?
Track Kevin Warsh's Jackson Hole speech on Friday, Friday's PCE inflation report, and the CLARITY Act's pending Senate vote. Daily ETF flow data across Bitcoin, Ethereum, Solana and XRP also remains worth monitoring closely.
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