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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/26/2026

Bitcoin Holds $79K After 23% Weekly Rally as Traders Take Profits

What happened: Bitcoin maintained the $79,000 level following a 23% surge over the past week, while Ethereum and Solana slipped by 1% and 3% respectively.

Bitcoin Holds $79K After 23% Weekly Rally as Traders Take Profits

What happened: Bitcoin maintained the $79,000 level following a 23% surge over the past week, while Ethereum and Solana slipped by 1% and 3% respectively. XRP also declined 4% on the day but remains up 45% for the week. Hyperliquid's HYPE token was the only major crypto to post gains, rising 3% to $81. The CryptoQuant Bull Score jumped from 30 to 80, its highest since October 2025. ETF inflows for bitcoin surpassed $3 billion for August, though activity slowed ahead of key U.S. economic data.

Why it matters: The market is experiencing a period of consolidation after one of the largest weekly rallies for bitcoin in two years, with profit-taking evident across most major tokens. The surge in ETF inflows and sentiment indicators like the Bull Score suggest robust institutional participation, but the pause ahead of macroeconomic events highlights lingering uncertainty. This cool-down follows a rally led by XRP and signals a shift in trader behavior as attention turns to broader economic signals.

Source: CoinDesk