Bitcoin Stalls Near $77,000 as Ethereum, XRP, Dogecoin Drop 2%

Bitcoin is hovering near $77,000 amid concerns over a potential Federal Reserve rate hike and September’s historically weak seasonality.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$77,238
Ethereum	(CRYPTO: ETH)	$2,417
Solana	(CRYPTO: SOL)	$100.82
XRP	(CRYPTO: XRP)	$1.37
Dogecoin	(CRYPTO: DOGE)	$0.0823
Shiba Inu	(CRYPTO: SHIB)	$0.055188

Notable Statistics:

• Coinglass data shows 70,352 traders were liquidated in the past 24 hours for $216.58 million.       
• SoSoValue data shows net inflows of $216.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $87.7 million.
• In the past 24 hours, top gainers include Arbitrum, Curve DAO and Uniswap.

Notable Developments:

• Is Bitcoin’s Best August in Years Ready for September Volatility?
• Bitcoin Rallied 172% and 350% After Its Last Gold Correlation Spikes: Will History Repeat?
• Dollar ‘Endgame’ Is Great News For Bitcoin and Gold, Says Industry Expert
• Bitcoin On-Chain Analysis Shows Whales Are Buying—But So Is ‘Hot Money’
• Gary Cardone Calls $5M Bitcoin ‘Stupid’ but Critic Says That’s a ‘Logical Fallacy’
• Strategy Slams MSCI Rule as a ‘Pretext’ to Exclude Bitcoin Companies
• Ripple, SettleMint Team Up Amid ‘Surprisingly Resilient’ XRP ETF Flows

Trader Notes:

Altcoin Sherpa remains bullish on Bitcoin but sees the current range as unclear and says a short-term reset is possible. He expects centralized-exchange altcoins to stay choppy until BTC breaks out, while on-chain tokens could continue producing outperformers.

Michael van de Poppe noted Bitcoin remains stuck in a choppy range while altcoins show relative strength. He sees a possible BTC liquidity sweep toward $76,000, which could offer an entry opportunity.

CryptosBatman highlighted that Bitcoin posted its first green August since 2021, but history points to caution: every previous positive August was followed by a red September, traditionally one of BTC’s weakest months.

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