Bitcoin was trading at $78,062 on August 29, up 0.9% for the day, after retreating from a weekly and three-month peak of $81,500. The cryptocurrency remains approximately 31% above its August 1 price of $62,229. Blockchain data shows addresses holding substantial amounts of BTC have continued accumulating, while wallets with 0.1–1 BTC recorded an Accumulation Trend Score of -0.982, indicating ongoing selling by that group. Between August 16 and August 26, six wallets inactive since 2011–2014 moved 553.59 BTC, worth approximately $40 million. Five sent the coins to destinations without identifiable exchange links, while one transferred 40 BTC to Boerse Stuttgart Digital. Galaxy Research said dormant Bitcoin movements during the second quarter of 2026 were at their lowest level since 2022, with full-year activity tracking below half of 2025 levels. Bitcoin’s 90-day correlation with gold has risen above 50% from nearly zero at the beginning of 2026, while its correlation with the Nasdaq 100 has fallen to about 33% from more than 60% in previous months. The shift has occurred as U.S. national debt surpassed $40 trillion, increasing interest in limited-supply assets such as gold and Bitcoin. Analysts are watching the $73,880 level, corresponding to the -0.5 MVRV pricing band (a valuation-based Bitcoin price range). A daily close above $84,000 on substantial volume would support a potential move toward $100,000, which Brian Armstrong, Coinbase’s CEO, believes Bitcoin has a strong chance of reaching before year-end. Binance founder Changpeng Zhao has said Bitcoin could eventually exceed gold’s aggregate market capitalization.