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Bitcoin Price Today – September 8th

Published by
Qadir AK

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.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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