Bitcoin Holds Near $80,000 After Early-September Rally Loses Momentum

  • Bitcoin reached $81,500, described as a four-month high, before consolidating.
  • U.S. spot Bitcoin ETFs drew $3.5 billion in August and $731 million on Sept. 3.
  • Bond yields reached 20-year highs as market stress resumed.

Bitcoin traded between $79,750 and $80,100 on Sept. 6 after an early-September advance above $82,000 lost momentum, while another market report described the token reaching a four-month high of $81,500 before consolidating. U.S. spot Bitcoin ETFs received about $3.5 billion in August and roughly $731 million on Sept. 3, underscoring continued institutional demand despite renewed bond-market stress and yields reaching 20-year highs. Bitcoin futures open interest was near $53.4 billion, while traders monitored resistance around $82,000-$82,800 and support near $78,000. Inflation reports due Sept. 10 and Sept. 11, Federal Reserve policy expectations, Strategy's Bitcoin purchases and the Senate's Sept. 15 CLARITY Act procedural milestone remain key market focuses.

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