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Crypto

Bitcoin climbs back above 50-week moving average, next hurdle at $82,000 to $83,000

Bitcoin has moved back above the 50-week moving average, a level widely seen as a key market benchmark, U.Today reported. After rising to $81,797, it eased to around $81,400, up more than 5 percent over 24 hours. Galaxy Research said attention is focused on whether Bitcoin can hold above the 50-week line into the weekly close. Derivatives activity rose, with $84.74 billion in futures volume and $57.86 billion in open interest.

Crypto

Institutional money shifts from bitcoin to XRP and Solana, Wintermute says altcoin rotation clear

Institutional money is shifting from bitcoin into XRP and Solana while bitcoin trades sideways, market maker Wintermute said. It said the crypto market held firm despite hawkish comments by the Federal Reserve chair and a drop in U.S. tech stocks, and that large funds are rotating into altcoins. ETF inflows into XRP and Solana hit 2026 highs, while bitcoin and ethereum spot ETFs also drew substantial inflows. Wintermute said U.S. jobs data could shape near-term direction.

Crypto

Bitcoin nears $80,000 pivotal test as focus turns to U.S. jobs data, rate path

Bitcoin remains below a key resistance level in the $80,000 range as markets again price in the possibility of a U.S. Federal Reserve rate hike in September. Attention is on upcoming U.S. employment indicators ahead of the September FOMC meeting. Fed Chair Kevin Warsh played down the role of forward guidance and said July inflation data were insufficient. Oil prices have risen after the resumption of U.S. strikes on Iran, adding to volatility.