Loading article…
Bitcoin fell to $77,605, a 0.71% 24-hour decline, after hitting $79,154. US spot Bitcoin ETFs saw $201.9M in outflows, ending a nine-session inflow streak.
Bitcoin (BTC) dropped below $78,000 to trade at $77,605, a 0.71% decline over 24 hours, after briefly surging to $79,154 in early trading on August 31 [1]. This pullback follows a period of institutional inflows into US spot Bitcoin ETFs, which recently ended a nine-session streak with $201.9 million in net outflows on August 28 [1].
| At a glance | |
|---|---|
| Current Price | $77,605 [1] |
| 24-Hour Change | -0.71% [1] |
| Key Resistance | $80,000–$81,500 [1] |
| Key Support | $77,000 [1] |
| Primary Catalyst | US spot Bitcoin ETF outflows, macro uncertainty [1] |
Bitcoin's recent move saw it touch $79,463 this week before losing nearly 3% from that peak [3]. Despite the dip, BTC is up 0.76% for the week [1]. The cryptocurrency had previously struggled to break past $65,000 before crossing the $80,000 threshold [2]. However, it has since traded around $78,075.19, reflecting a more than 2% drop in two days [2]. Bitcoin has historically spent limited time above $70,000, with only 12.7% of its recorded daily closing prices above this level [2].
The broader market sentiment, as measured by the fear and greed index, has shifted from "extreme greed" to "greed," dropping to 73 [1]. Trading volumes have been relatively subdued, suggesting that momentum is not yet decisive despite sustained institutional demand [1].
The recent volatility in Bitcoin prices coincides with several macroeconomic developments. The US Treasury's announcement to double its long-term bond buyback operations from $2 billion to $4 billion per session initially boosted sentiment across digital assets, as such liquidity injections have historically been positive for Bitcoin [3]. However, hawkish signals from Jackson Hole have increased expectations for a September Fed rate hike to 57%, which has lifted Treasury yields and the dollar [1]. This could restrict liquidity and slow institutional capital rotation into Bitcoin and Ethereum [1]. Higher oil prices have also reinforced inflation concerns [1].
The shift in institutional flows is evident, with US spot Bitcoin ETFs recording $201.9 million in net outflows on August 28, ending a nine-session inflow streak that had attracted approximately $2.8 billion [1]. Analysts note that profit-taking, exchange selling, derivatives positioning, and macro uncertainty can temporarily offset institutional purchases [1].
Bitcoin is currently positioned between the 50-week Exponential Moving Average (EMA) near $77,237 and the 100-week EMA around $78,451, a range that has proven difficult to breach [3]. The weekly Relative Strength Index (RSI) is near 56, indicating a healthy but not overheated bullish reading [3].
The interplay between sustained institutional interest and broader macroeconomic pressures, particularly around central bank policy and liquidity, continues to shape Bitcoin's near-term trajectory.
Coverage is mostly measured — 286 of 300 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 31, 2026 · How we report
As of September 2026, Bitcoin's one-month realized volatility is near historic lows. This compressed volatility reflects a period where daily price movements have been contained, though historical data suggests such periods can precede both rallies and declines.
Approximately 71% of Bitcoin's circulating supply is in profit as of September 2026, which creates a potential source of selling pressure. As the price of Bitcoin rises, holders who are in profit may choose to sell their holdings to realize gains, which could counteract upward price momentum.
CoinCorner launched a multisig custody service that splits control of customer keys between the Isle of Man exchange and its US partner, AnchorWatch. This service, which costs 1.5% annually, is insured by Lloyd's of London and is designed for users seeking cold-storage security without managing hardware themselves.
Castle enables users to earn a 12% annual dividend on Strategy's perpetual preferred stock and choose to take that payout in cash, Bitcoin, or a combination of both. The platform automates this process, allowing customers to compound their dividend income into Bitcoin automatically.