Bitcoin Stalls Between $77,500 and $80,500 After Rebound From $65,000

  • Bitcoin stalled between $77,500 and $80,500 after rising from $65,000.
  • Geopolitical tensions around the Strait of Hormuz and Federal Reserve caution constrained risk appetite.
  • U.S. spot Bitcoin ETFs recorded about $987 million of net inflows last week.

Bitcoin has stalled between $77,500 and $80,500 after a sharp recovery from $65,000, reflecting caution across risk assets as geopolitical tensions in the Strait of Hormuz and the Federal Reserve’s cautious interest-rate stance kept markets volatile. Earlier trading saw Bitcoin rejected above $80,000 after briefly moving above $82,000, with reported lows between $76,400 and $77,600. Oil prices were near $92 a barrel in the latest account, while earlier coverage recorded Brent crude at or above $100 on Sept. 9 before a close at $98.63. Ethereum traded above $2,500, XRP recovered to $1.44 after defending $1.40 support, and total crypto market capitalization rose 0.54% to $2.690 trillion. Bitcoin’s market capitalization reached $1.590 trillion and dominance stood at 58.8%. Analysts identified support around $78,300 and resistance between $80,000 and $83,000 ahead of U.S. inflation data and the Federal Reserve’s Sept. 15-16 meeting. U.S. spot Bitcoin ETFs recorded about $987 million of net inflows last week, extending their positive run to three weeks and bringing the three-week total to about $3.8 billion.

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