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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.

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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