Bitcoin Rebound Extends Above $79,000 After Climb From Below $60,000

Bitcoin extended a multi-day rebound from below $60,000 through $75,000, $76,000 and above $79,000, reclaiming levels last seen in the spring and trading near $75,300 on August 21, 2026, with about $60 billion in 24-hour volume at one snapshot. The advance, up around 20% in 48 hours at one stage with local highs above $77,400, returned price above the $75,385 average cost basis on Strategy’s 840,447 BTC corporate treasury, putting the world’s largest corporate Bitcoin holder back into roughly $450 million of year-to-date paper profit after earlier August sales of 1,690 BTC to fund a $108.6 million STRC preferred-stock repurchase. On-chain data from Glassnode showed a dense realized-price band between $58,000 and $67,000, including 2.23 million BTC—about 11% of supply—accumulated over 11 weeks, forming potential support below $68,000 after Bitcoin also reclaimed its 200-day simple moving average near $68,967. The cryptocurrency remains roughly 40% below its October 2025 peak near $126,198 and down in the mid-teens to low-20% year to date, even as sentiment flipped toward greed, more than $3 billion in shorts were liquidated, and traders watched $80,000–$82,000 resistance within the post-April 2024 halving cycle.

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