Bitcoin reclaims $80,000, Ethereum nears $2,620 despite hawkish Fed, CLARITY Act setback

Over the past 24 hours, Bitcoin gained 4.6%, and Ethereum rose 6%. Among major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano gained up to 6.2%.
Riya Sehgal Research Analyst Delta Exchange said the rebound reflects improving risk sentiment and positioning. Cooling oil prices have eased inflation concerns. The rally also forced bearish leverage out of the market, accelerating the move through short liquidations.
Sehgal further said the focus now shifts to whether the breakout can hold. Bitcoin remaining above $80,000 and Ether holding 2,580–2,600 would preserve the near-term structure.
The global crypto market capitalisation was up 4.1% to $2.86 trillion on Saturday, according to the data on Coingecko.
Over the last week, Bitcoin and Ethereum gained 4.9% and 4.6%, respectively. Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano gained up to 18.4%, while Tron declined 1.18%.
Nischal Shetty, founder of WazirX, said ETF activity reversed during the week. Bitcoin ETFs moved from daily inflows of $159.9 million to outflows of $450.33 million and $295.98 million. Ethereum ETFs shifted from a $121 million inflow to outflows of $141 million and $224.11 million.
Also Read |Only 2 of 23 mutual fund themes gained in August; IPO, defence stay green as auto, railways and tech slide : Report
Shetty further said BTC and ETH remained relatively stable as spot demand and derivatives positioning absorbed part of the selling. Overall, recovering US and Asian equities, falling volatility and softer commodities supported crypto sentiment, although elevated rates, regulatory uncertainty and expensive oil kept the weekly outlook balanced.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

* Bitcoin gained 4.6% over the past 24 hours.
* Ethereum rose 6% over the past 24 hours.
* Major altcoins including BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained up to 6.2%.
* The global crypto market capitalization was up 4.1% to $2.86 trillion on Saturday, according to Coingecko data.
* Bitcoin and Ethereum gained 4.9% and 4.6% respectively over the last week.
* Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano gained up to 18.4%, and Tron declined by 1.18%.
* Bitcoin ETFs shifted from daily inflows of $159.9 million to outflows of $450.33 million and $295.98 million.
* Ethereum ETFs shifted from a $121 million inflow to outflows of $141 million and $224.11 million.
* Bitcoin remained above $80,000, and Ether held between $2,580–$2,600 for near-term structure preservation.

Bitcoin gained 4.6% and Ethereum rose 6% over the past 24 hours, with major altcoins like BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gaining up to 6.2%. Riya Sehgal Research Analyst Delta Exchange noted this rebound reflects improving risk sentiment and positioning, supported by easing inflation concerns from cooling oil prices, which also led to bearish leverage exiting the market via short liquidations. The near-term structure is suggested to be preserved if Bitcoin remains above $80,000 and Ether holds between $2,580 and $2,600. Global crypto market capitalization reached $2.86 trillion on Saturday, up 4.1%. Weekly performance showed Bitcoin and Ethereum gained 4.9% and 4.6%, respectively, while some altcoins like BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano saw gains up to 18.4%, but Tron declined by 1.18%. Furthermore, Bitcoin ETF activity reversed during the week, with Bitcoin ETFs shifting from daily inflows of $159.9 million to outflows totaling $450.33 million and $295.98 million, and Ethereum ETFs moving from a $121 million inflow to outflows of $141 million and $224.11 million. Nischal Shetty indicated that spot demand and derivatives positioning absorbed selling pressure, while recovering US/Asian equities, falling volatility, and softer commodities provided support for crypto sentiment despite persistent concerns about high rates, regulatory uncertainty, and expensive oil.

The narrative presented involves a complex interplay between macroeconomic conditions, market positioning shifts, and investor psychology within the crypto space. The observation that price rebounds correlate with easing inflation fears and the exit of bearish leverage suggests that current movements are partly driven by systemic risk adjustments rather than purely intrinsic asset value signals. The commentary on ETF flows provides a critical counterpoint; the reversal in net flow for both Bitcoin and Ethereum indicates that institutional positioning is actively adjusting its stance, shifting from accumulation to distribution or hedging activities. This suggests that market momentum may be temporary, contingent upon sustained price levels above established psychological thresholds ($80,000 for BTC). The focus shifts from immediate momentum to structural sustainability—whether current prices can withstand further volatility given the backdrop of elevated interest rates and persistent geopolitical uncertainties represented by high oil costs. The pattern observed is one where external macroeconomic factors create a supportive environment (lower inflation, softer equities) that allows risk-on assets like crypto to rally, but this support is insufficient to override structural concerns embedded in regulatory uncertainty and high cost of capital. The critical question remains: if the current price levels are merely supported by positioning absorption, what fundamental shifts in risk appetite or monetary policy must occur for sustained growth independent of commodity price swings?

Bitcoin reclaims $80,000, Ethereum nears $2,620 despite hawkish Fed, CLARITY Act setback

Facts Only

Executive Summary

Full Take

Bitcoin reclaims $80,000, Ethereum nears $2,620 despite hawkish Fed, CLARITY Act setback

Facts Only

Executive Summary

Full Take