Crypto

Bitcoin moves to reclaim $80,000 as Jackson Hole, U.S. PCE and ETF flows come into focus

Bitcoin posted a weekly close above its 50-week exponential moving average for the first time since 2025, raising attention on whether the move marks more than a bear-market bounce. It rose as high as $79,550 last week and closed at $77,727 on Bitstamp. Traders cite around $80,000 as key resistance, while $68,000 to $73,000 is seen as support. Jackson Hole, U.S. PCE data and spot bitcoin ETF inflows are key near-term factors.

Crypto

Institutions hold $1.38 billion in short positions amid gains in bitcoin, ether, XRP

Institutional money is maintaining about $1.38 billion in short positions in major cryptocurrencies such as bitcoin, ether and XRP, but the positioning is seen as hedging and market-neutral trading rather than a direct bet on a decline. After a strong weekly rally and a short squeeze, futures liquidations accelerated. Retail traders suffered losses. Funds also moved into gold, while debt concerns and rising flows into U.S. spot bitcoin ETFs were noted.