BitcoinBTC
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Bitcoin traded around $78,451 on Tuesday as spot ETFs absorbed $731 million in fresh capital, the heaviest weekly haul since January, and a daily golden cross printed near $79,000. The rally has run into a wall of profit-taking above $82,000, with 71% of supply now in the green and derivatives desks leaning long into Friday's inflation print.
Bitcoin is grinding sideways in the high-$78,000s while the tape around it heats up. Brent crude broke $100 on Middle East escalation, Treasury yields firmed, and traders are leaning into borrowed money ahead of Friday's CPI print, according to CryptoSlate. The setup is uncomfortable for anyone who wants a clean directional read.
The institutional bid is the loudest signal on the board. Spot Bitcoin ETFs absorbed $731 million in a single stretch, the heaviest weekly inflow since January, per CryptoNews. That is professional money adding at $78K, not chasing a breakout. At the same time, VerifiedX closed a $15 million financing round with Cantor Fitzgerald as banker, aimed at building institutional custody rails through BitGo. The plumbing is still being laid.
Latest News
- CoinTelegraphimportantHere’s what happened in crypto today
Bitcoin price surged to $58,000 after a strong rally in the US stock market.
- CryptoBriefingimportantMalone Lam pleads guilty to $245M Bitcoin theft and lavish spending
Malone Lam pleads guilty to $245M Bitcoin theft and lavish spending
- CryptoPotatoimportantTop Cardano Price Predictions as ADA Soars 13% Weekly
ADA price prediction for the week is expected to reach 1,500 by the end of March.
- Bitcoin MagazineimportantVerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure
VerifiedX secures $15M in funding to expand institutional Bitcoin infrastructure.
- Bitcoin MagazineimportantJack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter
Block wants banking license to open Builders Bank and provide fiduciary services for bitcoin.
- Blockchain.NewsBitcoin (BTC) Faces $86K Resistance as Sellers Step Back
Bitcoin's resistance at $86K may be tested as sellers step back.
- U.TodayRipple Veteran Schwartz Predicts XRP Can Flip Bitcoin, But There Is a Catch
Ripple veteran David Schwartz predicts XRP can flip Bitcoin by market capitalization.
- Crypto.NewsBitcoin collateral, not trading volume, will signal real bank adoption: fintech veteran
Standard Chartered's delivery of Bitcoin and ETH trading for eligible UAE institutions may signal real bank adoption.
Recent Analysis
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Bitcoin: Institutional Bid Meets $82K Ceiling as Golden Cross Prints Near $79K
Bitcoin holds $78K with $731M ETF inflows and a golden cross near $79K, but 71% supply-in-profit and $82K resistance flag profit-taking risk.
Bessent Dares FX Traders to Short a Stronger Yen: 'I Am the House'
Treasury Secretary Scott Bessent told traders his BOJ read makes shorting a stronger yen a losing bet, a warning that ripples straight into crypto risk pricing.
MicroStrategy Coils Near $140 as Traders Eye $145 Breakout Trigger
MicroStrategy trades at $140.22 with open interest up 25% in 24 hours, per Blockchain.News, as bulls test $145.42 resistance before momentum fades.
XRP Rallies Into September 15 CLARITY Act Vote as Ripple Camp Bets on Commodity Reclassification
XRP traders are pricing in a September 15 U.S. Senate vote on the CLARITY Act, which could reclassify XRP as a commodity and end years of SEC ambiguity.
Block Files With OCC To Launch National Trust Bank For Bitcoin, Stablecoin Custody
Jack Dorsey's Block filed with the OCC to charter a national trust bank for Bitcoin and stablecoin custody, per CryptoBriefing, escalating the fintech's…
Bitcoin, Ethereum Lead Broad Green Tape as Sentiment Pulse Hits 97 on CLARITY Countdown
BTC and ETH anchor a 98% bullish tape as Cryptomat's pulse hits 97. XRP watches the September 15 CLARITY vote. Injective jumps 13%. HBAR, LINK lag.
About Bitcoin
Bitcoin (BTC) is a store of-value cryptocurrency.
An evergreen profile covering its purpose, key milestones, use cases, and risks will appear here.
FAQ
- What is Bitcoin?
- Bitcoin (BTC) is a store-of-value cryptocurrency designed to hold purchasing power over long horizons, traded as a digital scarcity asset. See our methodology page for how we track and analyze it.
- What makes Bitcoin a store of value?
- Bitcoin (BTC) is positioned as a store of value because its supply schedule is fixed or strictly capped, which proponents argue makes it harder to debase than fiat currency. Whether it lives up to the framing depends on the time horizon and the macro regime.
- Why is Bitcoin considered a major crypto?
- Bitcoin (BTC) is in the top tier of tracked assets at Cryptomat. Tier 1 covers blue chips with deep liquidity across major exchanges, sustained news flow, and (for most) ETF eligibility or active institutional coverage.
- Where can I see the live Bitcoin price?
- The live Bitcoin price is at the top of this page, streamed in real time from Binance spot markets.
- Where can I read the latest Bitcoin analysis?
- This hub aggregates Cryptomat's Bitcoin coverage in one place: classified breaking news, deep-dives with bull/base/bear scenarios, on-chain signals, and the CryptoBeast sentiment score.