
Bitcoin price fell 1.55% to $78,564.71 in 24 hours, slipping below $79,000 as strong U.S. jobs data and higher Treasury yields increased pressure on risk assets. Short-term whales are holding about $9.07 billion in unrealized profits, while leveraged long liquidations added to selling pressure. Bitcoin was also rejected near the $80,500 resistance level. The $78,000 support remains key. A break below it could push BTC toward $77,200, while holding the level may support consolidation. Traders are watching the August CPI report on September 11 for the next major catalyst.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Tesla, Meta, SpaceX and Netflix are entering a crucial week as quarterly earnings put their…
Crypto-native traders are chasing Zcash and Hyperliquid. Grayscale’s head of research, Zach Pandl, says the…
Jio Platforms’ initial public offering is drawing strong unofficial demand, with grey market premium (GMP)…
Former Commodity Futures Trading Commission Chairman Chris Giancarlo and venture firm Draper Dragon have publicly…
Japan’s Nikkei 225 fell 2% at Monday’s open, erasing roughly ¥23.5 trillion, or about $150…
Strategy Executive Chairman Michael Saylor said Bitcoin is returning to a bull market, with global…