Bitcoin Stays Above $78,000 as HYPE Shines
Bitcoin is holding above $78,000, while HYPE stands out and the market is mainly watching Fed rate worries and fresh inflows into spot bitcoin ETFs.
Key Takeaways
- Bitcoin stayed just above $78,400 in Asia on Tuesday, after trading between $77,200 and $79,200.
- HYPE rose about 4% to nearly $84, while Ether, Solana, XRP, BNB, Tron, and Dogecoin fell.
- Spot bitcoin ETFs saw strong inflows, but the market remains sensitive to Fed rate expectations and U.S. labor data.
Bitcoin held just above $78,400 (€67,600) on Tuesday morning in Asia, while most major crypto assets lost ground. Over the past 24 hours, the price moved roughly between $77,200 (€66,600) and $79,200 (€68,300). That still kept Bitcoin close to its strong August performance, when the coin rose 24% and posted its best month since November 2024.
Majors Pull Back
HYPE was the standout exception, rising about 4% to nearly $84 (€72). Ether slipped to just above $2,440 (€2,100) and Solana to around $104 (€90), both about 1% lower. XRP stayed just below $1.40 (€1.21) and BNB around $693 (€598).
Tron and Dogecoin took the hardest hit. TRX fell about 2% to nearly 33 cents and DOGE also dropped about 2% to around 8 cents. The move fits into a broader pullback in risk assets, while the crypto market waits for more clarity on the Federal Reserve's rate path.
Fed Pressure on Risk Assets
Those rate worries were showing up outside crypto too. The U.S. 10-year yield climbed to 4.78%, and traders were pricing in about a 64% chance of a rate hike at the Fed meeting on September 16, according to the market data provided, compared with about 36% before Kevin Warsh's Jackson Hole speech. Gold also slipped after a strong August.
For Bitcoin, that mix matters because the coin has already seen big swings in 2026. That makes the current phase especially sensitive to macro data and Fed communication, especially now that the market is less clearly pointed in one direction. The approval of the Clarity Act has meanwhile shown that U.S. crypto regulation is still moving forward, even if that does not change the market's rate sensitivity in the short term.
ETF Flows Keep Attention Focused
According to market participants, demand for spot bitcoin ETFs remains an important factor. A trader at ARP Digital pointed out that open interest in perpetuals is at its lowest level since May, while U.S. spot bitcoin ETFs just logged their strongest week of demand since October 2025. Wintermute also said there were nine straight days of inflows, totaling $924 million (€797 million), before a $202 million (€174 million) outflow on Friday broke the streak.
Those flows matter for European crypto readers because they show where liquidity is coming from right now. Not just Bitcoin's price, but also ETF demand and macro expectations are increasingly setting the pace of the market. That makes the upcoming U.S. labor data especially important for sentiment around BTC. A recent analysis of resistance around $80,000 to $82,000 shows why that level remains so important for traders.
