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Zcash (ZEC) climbed to its highest price since 2016, extending a rally that has pushed the privacy-focused cryptocurrency’s market capitalization above $20 billion.ZEC reached $1,249.28 before retreating to about $1,195 on Monday, according to CoinGecko data. The token gained about 45% over the past week and 138% over 30 days.The rally leaves Zcash below its launch-era record. CoinGecko lists an all-time high of $3,191.93 on Oct. 28, 2016, when only a small supply of tokens was available.Zcash allows users to choose between public and “shielded” transactions. The latter uses zero-knowledge proofs to verify payments without revealing the sender, recipient or transaction amount.“For users that prioritize privacy, this could become a ‘must have’ feature,” Grayscale’s head of research, Zach Pandl, said in an Aug. 31 analysis.Pandl said that AI could increase demand for financial privacy by making it easier to link public blockchain transactions to users’ identities.Zcash has been on a tear since Grayscale converted its existing Zcash Trust into an exchange-traded fund. The product, trading under the ticker ZCSH, began trading on NYSE ARCA on Aug. 25, giving investors exposure to ZEC through brokerage accounts.The ETF closed Friday at $83.77 a share, with $463.2 million in assets under management, according to the fund’s website. US markets are closed Monday for the Labor Day holiday.Related: Grayscale says Zcash can challenge Bitcoin’s network effects as privacy demand growsThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) sees its first weekly close above $80,000 since early May as clouds gather over the US inflation outlook.Key points:US PPI and CPI inflation numbers are due this week prior to the Fed’s Sept. 16 decision on interest-rate changes.Amid record currency interventions, analysis warns that Japan may not be able to sell US treasuries to help stabilize the yen in going forward.Bitcoin’s supertrend indicator delivers its first “buy” signal since late 2025, copying the previous bear-market recovery.CPI, PPI due as markets see 0.25% rate hike nextUS inflation data returns to the forefront this week after surprise employment data pressured crypto and risk assets. The August prints of the Producer Price Index (PPI) and Consumer Price Index (CPI) are due for release on Thursday and Friday, respectively.CPI matched market expectations at 0.1% month-on-month and 3.4% year-on-year last month, continuing on from softer-than-anticipated June results. Although the numbers paint a positive picture for inflation, Kevin Warsh, chair of the US Federal Reserve, stated that these data prints alone did not support the case for reassessing financial policy.“Each of these broad inflation measures have fallen significantly from their highs of a few years ago, but progress through the past couple of years has been more modest, and while this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved,” he said at the Jackson Hole economic symposium in late August, referring to the Fed’s “preferred” inflation gauge, the Personal Consumption Expenditures (PCE) index.In response to the speech, markets priced in an increased likelihood of Federal Reserve rate hikes at its next meeting on Sept. 16. The latest data from the CME Group’s FedWatch Tool shows that consensus favors a 0.25% rate hike, with odds at 58.4%.Fed target rate probability comparison for September FOMC meeting (screenshot). Source: CME GroupFears of rate hikes were also spurred by last week’s nonfarm payrolls data, which came in far stronger than expected and included upward revisions of prior figures. The US economy added 162,000 jobs in August against a prior estimate of 56,000. A stronger labor market reduces the need for the Fed to loosen policy, cementing the potential for rate hikes with core inflation still above its 2% target. Markets have maintained a hawkish outlook on rates. This is despite Fed governor Christopher Waller voicing support for an ongoing rate-hike pause and US president Donald Trump renewing pressure on the Fed to enact rate cuts last week.“The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, ⁠and I won’t allow that to happen!” he wrote in a post on Truth Social.Both PPI and CPI have the potential to alter the outlook prior to the meeting, with crypto market volatility often accompanying inflation-data prints.Commenting, trading resource Mosaic Asset Company noted that the strong jobs numbers could still offer stocks a silver lining.“While the knee-jerk reaction is centered around the rate outlook, it’s worth keeping in mind that good news for the economy should be good news for corporate earnings. The jobs report adds to recent data pointing to an economy expanding at solid pace, which should support the bull market looking ahead,” it wrote in analysis at the weekend. Mosaic cautioned that seasonality could add an additional hurdle, with September traditionally equities’ worst-performing month, while November’s US midterm elections should make for more volatile conditions into Q4. Japanese yen interventions hit recordTraders are focused on the Japanese yen as new government data reveals the extent of its record currency interventions. On Monday, Japan’s Ministry of Finance reported that its foreign reserves had decreased by $79.57 billion from the end of July amid a record currency intervention in the yen. Japan’s currency strengthened to 155 against the US dollar as a result, still holding that area during Monday’s Asia trading session.  “Japan may have used both foreign securities and deposits, but it most likely sold U.S. Treasurys,” Atsushi Takeda, chief economist at Itochu Research Institute, told Bloomberg.USD/JPY one-day chart. Source: Cointelegraph/TradingViewThe move had potential implications beyond the yen, with US bond yields already facing pressure at the long end, prompting the Treasury to announce contingency measures set to begin on Sept. 9. Japan selling US Treasuries to fund future interventions may draw a negative response from Washington, leaving the Bank of Japan (BOJ) in a bind should yen weakness return.“That would make it difficult for the ministry and the Bank of Japan to act going forward,” Akari Nishimura, economist at the Japan Research Institute, added.Polymarket probabilities for BOJ rate decision on Sept. 18. Source: PolymarketTraders now price in an interest-rate hike by the BOJ in September, with benchmark rates already at their highest since 1995 at 1.0%. Data from Polymarket currently sees 98% odds of a 0.25% increase.Crypto markets remain highly sensitive to moves in USD/JPY and associated headlines due to the potential longer-term impact on the yen carry trade and liquidity trends. Bitcoin spot market activity still lackingBitcoin still needs more spot-market participation to exit its current low-timeframe range centered around $80,000, analysis argues.Onchain analytics platform CryptoQuant notes that upside volatility seen over the past week was accompanied by sharp upticks in open interest (OI) on derivatives exchanges. This points to derivatives traders dictating snap price moves.“Aggregate Open Interest rose from $25.2B to $27.53B: +$2.3B (+9.24%) in a single session. On the hourly timeframe, price and OI began expanding almost simultaneously around 09:00 UTC, pointing to a strong influx of new positions,” CryptoQuant reported about a previous price move on Sept. 3, when BTC/USD last rose above $82,000.CryptoQuant noted that Bitcoin’s realized cap — the aggregate value of the BTC supply measured by the price at which it last moved onchain — has not kept pace with moves in OI.“The conclusion is clear: the rally had spot/on-chain participation, but the main driver was derivatives. OI expansion, aggressive buying, positive funding, and rising leverage created a structure far more dependent on futures than on realized on-chain capital,” it continued.Cointelegraph previously reported that the lack of spot demand is a major hurdle to a sustained BTC price trend change. As BTC/USD returned investors to net profit last month, profit taking surged.CryptoQuant warns that spot demand remains negative, with values increasingly diverging from futures on a 30-day rolling basis.“While futures demand is driving the rise, spot demand continues to show a negative trend. This is not a good signal, as there can be no bullish rally without spot demand. Despite the rebound, the outflow of spot $BTC has increased further,” it commented.Bitcoin demand growth comparison (screenshot). Source: CryptoQuantLast week, Cointelegraph reported on the return of negative apparent demand, which reflects that BTC’s dormant supply growth outpaced new issuance.BTC price seals first weekly close above $80,000 in four monthsBitcoin narrowly touched $80,000 on Sunday, marking its highest weekly close since the week of May 11, per data from TradingView.BTC/USD one-week chart. Source: Cointelegraph/TradingViewThe $80,000 mark remains elusive support, however, with bulls unable to remain above it consistently as sell-side liquidity mounts immediately above this level. The latest data from CoinGlass shows liquidity concentrated around $80,560, forming a thick wall of resistance, which is keeping BTC/USD pinned in a narrow range.BTC liquidation heatmap. Source: CoinGlassLast month, onchain analytics platform Glassnode flagged large liquidity bands as key to shaping Bitcoin’s longer-term price action, highlighting a further band between $83,000 and $86,000 in particular.“While the upward impulse consumed short orders in its path, it stopped short of the dense cluster of short liquidations situated between $83K and $86K,” it wrote in the latest edition of its regular newsletter, The Week Onchain. “Below spot, the move left behind an intact band of long liquidation fuel between $60K and $63K. Price now trades between these two boundaries.”Bitcoin futures liquidation heatmap. Source: GlassnodeMarket participants, meanwhile, are considering where the current consolidation could resolve to fresh upside. Jesse Olson, developer of the Markets Sniper trading suite, sees BTC/USD repeating a bullish chart fractal from August 2023, with $76,000 now in sight as a local reversal point.BTC/USD one-day chart. Source: Jesse Olson on X.comBitcoin supertrend bull signal copies early 2023 recoverySunday’s weekly close saw a classic BTC price trend indicator flip green for the first time since November 2025.Related: Here’s what happened in crypto todayOn weekly time frames, BTC/USD closed above its supertrend line, producing a “buy” signal. Supertrend employs average trend range (ATR) data and a multiplier to calculate a simple buy and sell signal, measured by its interaction with the supertrend line. Weekly time frames draw particular attention from Bitcoin traders, as a close above the supertrend line has never occurred within a bear market. The last time that supertrend flipped from red to green was in mid-January 2023, with Bitcoin’s last bear-market bottom of $15,600 already two months behind it. Conversely, the indicator flipping from green to red has preceded the start of protracted downtrends.BTC/USD one-week chart with supertrend data. Source: Cointelegraph/TradingViewThe signal joins a growing selection of cues that has instilled confidence in some that Bitcoin already saw its macro bottom at $57,000. In August, BTC/USD closed above its 50-week exponential moving average (EMA) for the first time since late 2025 — an event that has historically been crucial for a long-term bullish price-trend reversal.

US-listed spot Bitcoin exchange-traded funds (ETFs) have recorded their strongest three-week inflow stretch of 2026 as Bitcoin traded around $80,000.The funds attracted $986.9 million in the week ending Friday, bringing net inflows over the past three weeks to $3.8 billion, according to SoSoValue data.Total net assets across the funds stood at $101.3 billion on Friday after briefly rising to $103.3 billion a day earlier, while cumulative net inflows reached $55.6 billion.ETF demand marks a sharp turnaround from heavy outflows earlier in 2026, though year-to-date net flows remain roughly $1 billion negative.Bitcoin ETF inflows cool after Thursday surgeUS spot Bitcoin ETFs attracted $174.6 million in net inflows on Friday, down sharply from the nearly $731 million recorded a day earlier.BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, drew $117.4 million on Friday, accounting for about 67% of the day’s total net inflows, according to Farside Investors data.Daily spot Bitcoin ETF flows from Monday through Friday. Source: SoSoValueFidelity’s Wise Origin Bitcoin Fund (FBTC) was the only other fund to record net inflows, attracting $57.2 million, while all other US spot Bitcoin ETFs recorded no net flows for the day.Related: Surprise nonfarm payrolls print sends Bitcoin back below 80KThe slowdown came as Bitcoin fell from around $81,200 to briefly below $79,000 on Friday. Bitcoin traded at $79,716 at the time of publication, still up about 2.6% over the past seven days, according to CoinGecko.Bitcoin ETF demand strengthens as Ether, XRP flows fadeCompared with the previous week, Bitcoin ETF inflows increased about 7%, while inflows into US spot Ether and XRP ETFs fell about 74% and 83%, respectively.Spot Ether ETF inflows dropped to $218.4 million from $824.4 million, while XRP ETF inflows declined to $19 million from $110.5 million, according to SoSoValue.Despite weaker inflows, Ether and XRP ETFs remain in positive territory for the year. US spot Ether ETFs have recorded about $863 million in net inflows year-to-date, while XRP ETFs have attracted roughly $515 million.Magazine: BTC will hit $1M by 2030… but Arthur Hayes is buying ETH instead

Key points:The US economy added 162,000 nonfarm payroll jobs in August, nearly triple economists’ consensus estimate of 56,000.Bitcoin sold off from $81,300 to local lows of $78,600 following the data, before recovering to $79,500.A rival Bitcoin fork using the Blake2b algorithm saw its first trading activity, with coins changing hands at $350 on exchange Neoxa.Labor market beats expectations threefoldAccording to data released on Friday, the US economy added 162,000 nonfarm payroll jobs in August, significantly outperforming economists’ consensus expectations of roughly 56,000 jobs. In response to the announcement, Bitcoin (BTC) sold off from $81,300 to local lows of $78,600. At the time of writing it stands at $79,500. Recent economic data carries added weight, given how divided rate outlooks remain ahead of the next Federal Open Market Committee (FOMC) meeting on Sept. 15-16. Under previous Federal Reserve chairs, expectations ahead of the FOMC were mostly well-anchored. However, the lack of forward guidance from Chair Kevin Warsh, along with potential dissenters in the committee, has resulted in added uncertainty. After Fed Governor Christopher Waller said on Thursday that he would favor a rate pause pending upcoming inflation data, Polymarket probabilities swung to 60% in favor of a pause and 40% for a 25 basis-point interest rate hike. Friday’s labor market data however, drove the implied probabilities back to a 50/50 split.Implied Probabilities for the Sep. 16 FOMC rate decision. Source: PolymarketIn response to the strong labor market data, US President Donald Trump leveled new rate-cut demands. “The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change,” he stated in a Truth Social post and continued: “High interest rates put the U.S.A. at a very unfair disadvantage, ⁠and I won’t allow that to happen!” Trump had frequently criticized former Chair Jerome Powell for not cutting rates, but had held back from making similar statements toward Warsh until Friday. Blake2b version of Bitcoin attracts first liquidityWhen the BIP-110 soft fork activated on Aug. 7, the Bitcoin network briefly split into two competing chains: one enforcing BIP-110’s new rules and another continuing under the existing rules. The BIP-110 side largely stalled because miners did not devote enough computing power to extending that chain.BIP-110 supporters viewed miners’ refusal to follow the user-activated soft fork (UASF) as evidence that Bitcoin’s mining layer has become too centralized. That criticism was sharpened by the absence of an organized counter-effort from the Bitcoin Core side, such as a user-rejected soft fork (URSF). Only five mining pools control the vast majority of Bitcoin’s hashrate, concentrating significant influence over which chain is extended and which transactions are included in blocks.Bitcoin Network Hashrate Distribution. Source: Blockchain.comIn response, a subset of BIP-110 supporters, led by LukeDashjr, decided to continue the BIP-110 chain with a change in the proof-of-work algorithm to Blake2b to allow for a new, more decentralized set of miners to emerge using DATUM gateway technology. The corresponding hard fork was initiated on Aug. 30. Every address that held SHA-256 Bitcoin before Aug. 7 (and possibly after) will hold an equivalent amount on the Blake2b version of Bitcoin. So far, the only exchange listing Blake2b Bitcoin is Neoxa. While liquidity remains thin, Blake2b coins are currently trading at $350 against USDC with a 1.1% spread. BTCB2/USDC orderbook. Source: Neoxa ExchangeRelated: Crypto Biz: AI took a back seat when Bitcoin started climbing

US-listed spot Bitcoin exchange-traded funds (ETFs) notched their biggest inflows in nearly eight months as BTC reclaimed $80,000.Bitcoin ETFs recorded $730.9 million in net inflows on Thursday, the largest daily haul since Jan. 14, when the funds attracted $843.6 million, according to SoSoValue data.The surge followed $101.2 million inflows on Wednesday and came as Bitcoin reclaimed the $80,000 level after trading in a range between roughly $76,000 and $81,000 this week, according to CoinGecko.Despite the spike in ETF inflows, CryptoQuant remained cautious about Bitcoin’s rally, citing weaker spot demand and heavy short covering as $83,000 emerges as a key bull market threshold.BlackRock’s IBIT draws $454 million in a dayBlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by net assets, led Thursday’s buying with $454 million in inflows, accounting for about 62% of the total, according to Farside Investors data.While total spot Bitcoin ETF inflows reached their highest level since January, IBIT alone drew a larger $503 million inflow as recently as Aug. 20.Daily US spot Bitcoin ETF flows since Tuesday. Source: Farside InvestorsARK Invest and 21Shares’ ARK 21Shares Bitcoin ETF (ARKB) followed with $137.7 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) drew $74.4 million.VanEck’s Bitcoin ETF (HODL) and WisdomTree’s Bitcoin Fund (BTCW) were the only funds to record outflows on Thursday, at $19.6 million and $5.2 million, respectively.Bitcoin rally still needs fresh buyersBitcoin’s recent rally was driven largely by traders closing short positions rather than opening new long positions, pointing to limited fresh buying demand, CryptoQuant said in a Thursday report shared with Cointelegraph.The report mentioned that Bitcoin holders realized 23,000 BTC in net profits on Aug. 21, the highest daily amount this year, and about 110,000 BTC in total since Aug. 19, reflecting substantial profit-taking during the rally.Related: Bitcoin’s apparent demand turns negative as price struggles with $77KAccording to CryptoQuant, Bitcoin’s next major test sits around its 365-day moving average, which CryptoQuant placed at roughly $82,300.Source: CryptoQuantThe company said the moving average has historically marked the divide between Bitcoin bull and bear markets, with Bitcoin reaching $81,400 on Aug. 28 before retreating below the threshold.“A decisive close above $83K would confirm the new bull market,” CryptoQuant said, while a rejection could trigger a pullback toward the 200-day moving average near $69,000.Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K

Bitcoin (BTC) rallied 5% during US trading hours, reaching $81,000. Key points: Bitcoin rallies above $81,000 in US trading, having risen more than 5% over the past 24 hours.USD/JPY drops to 155.4 amid suspected Bank of Japan (BOJ) intervention, dragging the US Dollar Index (DXY) down to 99.Polymarket odds for a BOJ rate hold collapse further from 12% to 1%, with a 98% probability now priced in for a 25-basis-point hike on Sept. 18.Weaker dollar drags crypto higherAt the time of writing, BTC stands at $81,000, near the highs seen during last month’s surprise upside. The move comes as the Japanese yen (JPY) continued to strengthen in a suspected central bank intervention, which Cointelegraph first reported on Wednesday. After dropping to 158.5 on Wednesday, the USD/JPY pair saw further downside to 155.4. This put pressure on the DXY, which fell to 99. Downside in the DXY has historically been positive for Bitcoin. US Dollar Index 1-day chart. Source: TradingViewShares of Michael Saylor’s Strategy (MSTR) participated in the rally and rose 8.6% on Wednesday. The stock is up 70% from its lows in late June, but still down roughly 10% year-to-date. Strategy’s perpetual preferred stock STRC, which had been frequently compared to a money market fund, is still trading below its par value of $100 and remains stuck at $97.80 at the time of writing. Related: Strategy turns 1,690 BTC into $108.6M STRC buybackAnalysts divided on impact of yen interventionThe latest suspected intervention to support the yen, coupled with the prospect of a Bank of Japan rate hike later this month, has also revived fears of another carry-trade unwind. “In the last 24 hours, USD/JPY has dropped almost 2.5%, which doesn’t happen without any major intervention,” The Macro Paper commented on X. “On top of that, BOJ is most likely expected to hike rates this month, with more rate hikes possible in Q4. This is the exact thing that happened in Q3 2024, when BOJ intervened and hiked rates together.”The Polymarket probabilities for a BOJ rate hold dropped from 12% to 1% Wednesday, cementing the prospect of a rate hike. The current market-implied probability of a 25-basis-point hike at the BOJ’s Sept. 18 meeting is 98%.Polymarket probabilities for BOJ rate decision on Sept 18. Source: PolymarketSome have also seen the currency intervention as liquidity-positive. Arthur Hayes, CIO of Maelstrom, has long held that the Foreign and International Monetary Authorities’ (FIMA) repo facility will provide Japan with dollar liquidity against Treasury collateral, easing global liquidity conditions. While no funds appear to have been drawn from this facility so far, Treasury Secretary Scott Bessent raised the prospect in late July.

US-listed spot Ether and XRP exchange-traded fund (ETF) inflow streaks ended on Wednesday, marking a reversal after sustained demand.Spot Ether ETFs recorded $48 million in net outflows on Wednesday, ending 12 consecutive trading days of inflows, according to SoSoValue data. The funds had attracted $1.62 billion during the streak.BlackRock’s iShares Ethereum Trust ETF (ETHA) led Ether fund outflows with $53.4 million, while the Fidelity Ethereum Fund (FETH) lost $26.2 million and the Grayscale Ethereum Staking ETF (ETHE) shed $23.5 million, according to Farside Investors data. BlackRock’s staked Ether ETF (ETHB) partially offset those withdrawals with around $53 million in net inflows.Spot XRP ETFs also posted $7.2 million in net outflows, ending an 11-session inflow streak. The streak brought in about $170 million, lifting cumulative XRP ETF inflows to about $1.68 billion.Bitcoin ETFs moved in the opposite direction, drawing $101.2 million on Wednesday after $236.5 million in net outflows a day earlier.The shift in ETF flows came as cryptocurrency prices declined, with Ether leading losses over the past seven days, down 3.4%, followed by XRP at 2.4% and Bitcoin at 1.3%, according to CoinGecko. At the time of publication, the three crypto assets traded at $2,407, $1.36 and $77,744, respectively.Related: Japan’s Remixpoint dumps altcoins, leaves 1,506 BTC as sole crypto betThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) sold off into the early European trading hours on Wednesday to hit local lows of $76,400, per data from CoinGecko.Key points: Bitcoin’s apparent demand indicator turns negative again, with BTC price dropping to a local low of $76,400 before reclaiming $77,000.USD/JPY drops sharply to 158.5, sparking speculation that another yen intervention has taken place.Asian equities sell off sharply as South Korea’s KOSPI falls 4.0% to 6,562.72 and Japan’s Nikkei 225 drops 2.9% to 64,325.64.Bitcoin’s apparent demand flips negative againThe move in BTC came after US spot Bitcoin exchange-traded funds (ETFs) recorded outflows of $236 million the day prior. Data from CryptoQuant now shows Bitcoin’s apparent demand turning negative once more after a brief reprieve during the August rally. Bitcoin price and apparent demand, 30-day change. Source: CryptoQuantThe indicator is inspired by similar metrics from commodity markets and measures the difference between newly mined issuance and changes in inactive supply. Positive demand implies that old coins are waking up and the market is absorbing them along with new issuance. This is taken to be a sign of active spot demand. Negative readings mean coins are aging into dormancy faster than miners issue them. At the time of writing, BTC has reclaimed $77,000, but remains pinned under a cluster of resistance that we have previously reported on. Bonds and Asian equities sell offThe global bond rout that Cointelegraph reported on Monday eased slightly as the US 10-year yield briefly dipped below 4.8%. There was inorganic price action in the USD/JPY pair at 13:00 UTC, which commentators widely took as a sign of another central bank intervention. USD/JPY declined to 158.5, retreating from the psychological 160 level widely seen as a line the Bank of Japan (BOJ) will defend. At the time of writing, no official announcement on the matter has been made. USD/JPY trading pair one-day chart. Source: TradingViewAsian equities, meanwhile, suffered steep declines, likely driven by soaring oil prices and further profit-taking in the AI sector. South Korea’s KOSPI led the decline, falling 4.0% to close at 6,562.72 as chipmakers SK Hynix and Samsung Electronics shed 4% and 4.7%, respectively.Related: Bitcoin lows pierce $63K as Asia chip-stock crash spreads to Wall StreetJapan’s Nikkei 225 fell 2.9% to 64,325.64, dragged down by tech heavyweights including SoftBank Group, an OpenAI investor. Taiwan’s TAIEX rounded out the losses with a 1.7% drop. Back in July, Cointelegraph reported on the first cracks beginning to show on the US side of the AI trade, as credit spreads on hyperscalers rose significantly. 

US-listed spot Bitcoin exchange-traded funds (ETFs) capped their best month of 2026 alongside Bitcoin’s biggest monthly gain since November 2024.Bitcoin ETFs attracted $3.52 billion in net inflows in August, their highest monthly total of 2026 and a sharp increase from just $172 million in inflows in July, according to SoSoValue data.Bitcoin (BTC) gained about 25% in August, its strongest monthly performance since a 37.29% rally in November 2024, according to CoinGlass.The August momentum quickly gave way to a weaker start to September, as ETF flows turned negative and Bitcoin briefly fell below $77,000.August cuts year-to-date outflows by 66% to $1.77BAugust’s $3.52 billion in Bitcoin ETF inflows cut year-to-date net outflows by roughly 66%, from $5.29 billion to $1.77 billion.The biggest monthly outflows came in June at $4.51 billion, followed by $2.43 billion in May and $1.61 billion in January, according to SoSoValue data.Monthly flows into US spot Bitcoin ETFs in 2026. Source: SoSoValueThe funds recorded net inflows on 16 of 21 trading days in August, including nine consecutive sessions from Aug. 17 through Aug. 27.Total net assets rose to $99.61 billion at the end of August from $76.29 billion at the end of July, an increase of about 31%. Monthly trading volume climbed nearly 49% to $58.63 billion from $39.37 billion.September starts with $236M in Bitcoin ETF outflowsUS spot Bitcoin ETFs started September with $236.46 million in net outflows on Tuesday, reversing the $216.70 million in net inflows recorded on Monday. The withdrawal marked the largest daily outflow since July 31, when the funds shed $265.37 million.The reversal came as Bitcoin briefly fell below $77,000 on Tuesday after trading above $80,000 in late August, according to CoinGecko.Related: Strategy buys $370M Bitcoin in first corporate purchase since JuneEther and XRP ETFs remained in positive territory on Tuesday. Spot Ether (ETH) ETFs attracted around $11 million on Tuesday, while spot XRP (XRP) ETFs drew $14.4 million.August pushed Ether ETFs into positive territory for 2026, with $732 million in year-to-date net inflows after they ended July about $1.12 billion in the red.XRP ETFs reached $502 million in year-to-date net inflows, up about 46% from $343 million at the end of July.Magazine: Does the Bitcoin rally mean we haven’t wasted our lives in crypto?

Japan’s JGB yield now at 30-year high Global long-term bond yields are now at the highest level since the 2008 financial crisis as major long-dated sovereign bonds continued to sell off into trading on Tuesday.The sell off comes only days after US Treasury Secretary Scott Bessent made headlines by announcing that the maximum size of debt buyback transactions would be increased to $4 billion from September.  While the Treasury does not conduct monetary policy, some commentators have compared this to a form of yield curve control. This has brought the debasement narrative, keenly followed by Bitcoin and precious metal investors, back into the spotlight. Japan’s 10-year government bond yield surged to 3% for the first time since 1996 on Tuesday, while the 30-year JGB yield topped a record 4.18%. The 10-year US bond yield also surged to a new multi-year high and stands at 4.78% at the time of writing. 10-Year Japanese government bond. Source: TradingView Officials in both countries face a mutual bind with respect to the Japanese yen: Tokyo can neither raise policy rates without incurring an operating loss that ultimately hits the Finance ministry, nor repatriate capital without divesting the Treasury securities on which Washington’s financing depends.Industry commentators such as Arthur Hayes have argued for years that the Fed will eventually use its Foreign and International Monetary Authorities (FIMA) repo facility. Through this swap line, Japan’s Finance ministry could borrow dollars against its Treasury holdings and sell them for yen, strengthening the currency without causing an imminent sovereign bond crisis. This mechanism would create new dollar liquidity, which is why Hayes recommends positioning in Bitcoin (BTC), gold and crypto. Treasury Secretary Scott Bessent hinted at the future use of the FIMA facility in August.Rising long-term yields may be the first sign that Hayes’s scenario is being priced in. Robin Brooks, senior fellow at the Brookings Institution commented on X: “For the past two years, Japan has been in a “Liz Truss” bond market crisis whereby its currency falls even as government bond yields go ever higher. We’ve never had a major G10 sovereign experience something like this and it’s deeply destabilizing…”10-year interest swap rate and trade-weighted JPY. Source: Robin Brooks on X.comBitcoin continues sideways movementIn the face of Tuesday’s bond sell-off, Bitcoin has been trading sideways near the $78,000 mark, following a minor corrective decline from its morning high close to $79,000. Cointelegraph previously reported on a thick patch of resistance between the current spot price and $86,000. This has slowed Bitcoin’s upside momentum despite positive news and renewed interest in the debasement trade. Related: Bitcoin faces true demand test above $83K as liquidity thickens: GlassnodeOverall sentiment across recent reports remains mixed to cautiously optimistic in the short term after the strong August recovery, with the $76,000-$82,000 range as the key battleground for the coming weeks.S&P 500 index futures sold off by 0.3% on Tuesday and the gauge now hovers around 7,660, the lowest level since Aug. 4. This comes as tensions in the Iran war flare up once more. Oil prices rose more than 2%, with WTI around $88 per barrel and Brent above $92, fueled by renewed US-Iran fighting, including strikes, tanker incidents in the Strait of Hormuz, and comments from President Donald Trump.S&P 500 out-of-hours futures. Source: X.com

US-listed spot Bitcoin exchange-traded funds (ETFs) returned to inflows on Monday, led almost entirely by BlackRock, while Ether, XRP and Solana funds continued attracting capital.SoSoValue data showed that Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing the $201.8 million in withdrawals recorded on Friday. The Friday outflows ended a nine-session run that brought more than $3 billion into the funds. Bitcoin (BTC) was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko. Meanwhile, Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each recorded a 10th consecutive positive session.US spot Bitcoin ETF flows. Source: SoSoValueBlackRock accounts for 95% of Bitcoin ETF inflowsBlackRock’s iShares Bitcoin Trust ETF (IBIT) led Monday’s Bitcoin ETF rebound with $205.9 million in net inflows, accounting for about 95% of the category’s daily total, according to Farside Investors. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, followed by the Bitwise Bitcoin ETF (BITB) with $4.3 million. Morgan Stanley’s Bitcoin Trust added $3.6 million, while Grayscale’s Bitcoin Mini Trust attracted $9.4 million.Related: Strategy buys $370M Bitcoin in first corporate purchase since JuneVanEck’s Bitcoin ETF (HODL) was the only fund to record withdrawals, posting $13.4 million in net outflows. The remaining funds reported no flows. US spot Bitcoin ETF flows per fund. Source: Farside Investors Ether, XRP and Solana ETFs extend inflow runsSpot Ether ETFs attracted $87.7 million on Monday, marking their 11th consecutive trading session of inflows.BlackRock’s iShares Ethereum Trust ETF (ETHA) led with $59.9 million, followed by Grayscale’s Ethereum Mini Trust with $13.5 million and Fidelity’s Ethereum Fund with $9.3 million, according to Farside.XRP ETFs extended their positive run to 10 sessions with $5.64 million in net inflows, according to SoSoValue. The funds have attracted capital during every US trading session since Aug. 18. Solana ETFs also posted a 10th consecutive positive session, though daily inflows slowed to $925,010 from $18.1 million on Friday. Monday’s figure was the category’s weakest inflow during its current run. Magazine: Mystery surrounds why an OG burned $1M in Bitcoin

Bitcoin (BTC) gyrated around $78,000 at Monday’s Wall Street open as US bond yields neared 20-year highs again.Key points:Bitcoin reacts as the US Treasury Secretary comments on bond markets in a mainstream media interview.Analysis warns that bonds are “ignoring” policy changes as new 20-year highs loom for the 30-year yield.BTC price analysis sees an emerging hidden bearish RSI divergence contributing to month-end weakness.Bitcoin spikes as Bessent discusses bond yieldsData from TradingView showed BTC/USD trading in a narrow range, up around 1% on the day. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAfter falling into the start of the US trading session, the pair saw a swift rebound as US Treasury Secretary Scott Bessent hinted at further interventions in the US bond market. In an interview with CNBC, Bessent stressed that he had not yet acted to shore up the long end of the yield curve — 10-year and 30-year bonds.“I haven’t bought anything yet,” he told the network, adding that he was “fine” with yields rebounding after the announcement.This month, the Treasury announced that it would be at least doubling the size of its debt buyback transactions to $4 billion from September. At the time, yields fell, but on Monday, the 10-year yield was back at its highest levels since January 2025 at 4.76%.US 10-year bond yield one-week chart. Source: Cointelegraph/TradingViewThe 30-year yield reached 5.269% on the day, six basis points short of its highest levels since January 2007.“The bond market appears to be completely ignoring the US Treasury,” trading resource The Kobeissi Letter responded in a post on X.US 30-year bond yield one-day chart. Source: Cointelegraph/TradingViewEarlier, Ray Dalio expressed skepticism at the Treasury’s ability to control bonds, even under the new program. Forecasting a future US debt crisis, he named both Bitcoin and gold as potential hedges.“As general advice, I suggest diversifying well in asset classes and countries that have strong income statements and balance sheets and are not having great internal political and external geopolitical conflicts, underweighting debt assets like bonds, and overweighting gold and a bit of Bitcoin,” he wrote in a post on LinkedIn.US stocks, meanwhile, remained red on the day, with both the S&P 500 and Nasdaq Composite Index trading around 0.4% lower as tensions over new US-Iran strikes filtered through to markets.Bitcoin RSI sparks new bearish warningAhead of the August monthly candle close, BTC/USD maintained its 50-week exponential moving average (EMA) at $77,269 as support.Related: Bitcoin bear market ‘over’ as price metric copies 2023 recovery: CryptoQuant CEOBTC/USD one-hour chart with 50-week EMA. Source: Cointelegraph/TradingViewPreviously, Cointelegraph reported that this level is a key line in the sand for bulls. Month-to-date gains have neared 25% in Bitcoin’s best August performance since 2017.In a note of caution, trader and analyst Rekt Capital warned of a hidden bearish divergence playing out on daily time frames between price and the relative strength index (RSI). Despite bullish RSI signals on the weekly chart, the latest daily values, he warned, pointed to waning momentum.“if the Daily RSI continues to make Lower Highs (blue), that’ll contribute to mounting weakness here,” he told X followers alongside an explanatory chart.Daily RSI measured 70.7 on Monday, still within “overbought” territory.BTC/USD one-day chart with RSI data. Source: Rekt Capital on X.com