Crypto Daily Market Report

Long-End Yields and Oil Prices Remain Elevated, BTC Holds 77K After Weekend Pullback

🔍 Core Insights

U.S. equities recovered last Friday following consecutive sessions of weakness, with the Dow Jones rising 0.98% and both the S&P 500 and Nasdaq gaining 0.43%. However, long-end yields and energy prices remained elevated, with the 10-year Treasury yield holding around 4.74%, the 30-year yield near 5.28%, and Brent crude closing around $92.7 per barrel. Continued U.S.-Iran tensions and the upcoming announcement of a new round of U.S. sanctions against Iran limited further expansion in risk appetite. Crypto market volatility increased significantly over the weekend. After breaking above $79K last week, BTC briefly pulled back to around $75,800 amid short-term profit-taking and thinner weekend liquidity, before rebounding above $77K. In the short term, the $75K–$76K area remains the key support zone, while $79K–$80K represents the main resistance range. If BTC can hold above $77K and break through $80K on renewed volume, the rally could continue; otherwise, repeated high-level volatility and further profit-taking remain risks following the sharp advance.
BTC: $77,729.5 (+0.86%); ETH: $2,463 (+1.67%); NASDAQ: 26,180.45 (+0.43%); S&P 500: 7,674.37 (+0.43%); Fear & Greed Index: 73 (previous: 72) (Data as of: 2026-08-24 00:00 UTC)

Capital flows are providing near-term support for the market at elevated price levels. U.S. spot BTC ETFs recorded approximately $1.9 billion in net inflows last week, while ETH ETFs attracted around $697 million, bringing combined inflows to $2.6 billion—the strongest weekly inflow since October 2025. BTC ETFs posted net inflows for five consecutive trading days, while trading volume increased from $6.9 billion in the previous week to $22.1 billion. Meanwhile, the Coinbase Bitcoin Premium Index turned positive for the first time since May 19, ending a record 97-day period in negative territory and indicating a marginal recovery in U.S. spot demand. However, approximately 53,000 BTC flowed into exchanges over the past three days, primarily from short-term holders, suggesting that profit-taking pressure is also increasing following the rally. If ETF inflows continue and the Coinbase premium remains positive during U.S. trading hours, allowing new demand to absorb the additional exchange supply, the current consolidation would more closely resemble healthy position rotation after a rally. If exchange inflows continue to rise while the premium turns negative again, the risk of high-level profit-taking developing into a deeper correction would increase.

Macro Economy

U.S.-Iran tensions: The U.S. Treasury Secretary confirmed that the administration will announce “unprecedented economic isolation” measures against Iran, warning that any country providing financial support to Iran will face equivalent isolation. The measures will primarily target purchases of Iranian oil, money transfers, and ship-to-ship crude oil transfers at sea. He also said that large-scale military action is no longer expected to be necessary. Meanwhile, Iran’s parliament approved service fees for vessels passing through the Strait of Hormuz, payable in currencies designated by Iran.
The preliminary U.S. S&P Global Manufacturing PMI for August came in at 53.2, below the 53.9 forecast and the previous reading of 53.9. The preliminary Services PMI reached 56.8, above the 54.0 forecast and the previous reading of 54.6.
The U.S. imposed a 50% tariff on approximately $20 billion of Canadian exports early on August 22. Canadian Prime Minister Mark Carney said trade negotiations with the U.S. had been suspended and that Canada would impose reciprocal tariffs of 50% on U.S. goods.

Industry Events

BounceBit suffered an exploit on the order of $30 million and will permanently shut down its L1 blockchain before migrating to BNB Chain.
Nomura-backed Laser Digital obtained Japan’s first new crypto license in four years.
Texas-based Bitcoin mining infrastructure company Bitari filed for a Nasdaq IPO as it seeks to expand its Bitcoin mining operations.
South Korea’s Financial Supervisory Service launched a real-time AI platform to detect cryptocurrency price manipulation.
Shinhan Asset Management partnered with the Solana Foundation, Etherfuse, and Orca to pilot a KRW-denominated tokenized fund and test its on-chain issuance and distribution mechanisms.
Bitcoin hard-fork project ECX will launch its mainnet on October 31.
Polygon plans to introduce a native staking mechanism that will distribute transaction priority fees to POL stakers.

Alpha Project Performance

SAND: The Sandbox disclosed a vulnerability in the SAND cross-chain bridge and subsequently stated that the risks had been fully contained. SAND has remained range-bound after retreating from its highest level in nearly two months.
Cat-themed Meme sector: Trading activity around cat-themed Meme tokens increased across Ethereum, Solana, Base, HyperEVM, and BNB Chain. CATALORIAN gained approximately 240% over 24 hours, while PURR rose more than 60%.
PONS: Pons benefited from its positioning as a native token-launch platform on Robinhood Chain and growing interest in the Meme-stock narrative, pushing PONS up more than 60% over 24 hours.
ZEC: Grayscale recently submitted its latest registration filing to the U.S. SEC, advancing plans for the first U.S. spot ETF focused on a privacy coin. The catalyst pushed ZEC to an eight-year high, with the token gaining approximately 5% intraday.
CYBERLEEK: A group involved in leaking GTA 6 content embedded a token-purchase entry point into unauthorized game footage and linked future content releases to the token’s market capitalization and community voting. Continued traffic from the leak narrative pushed the token up approximately 100% on the day.

Weekly Outlook

August 24: The U.S. plans to hold a press conference on Iran; SOSO unlocks 6.35% of circulating supply, worth approximately $7.3 million.
August 25: H unlocks 7.92% of circulating supply, worth approximately $19.9 million; XPL unlocks 3.31% of circulating supply, worth approximately $8 million.
August 26: The U.S. releases the revised annualized Q2 real GDP growth rate and July PCE data; Nvidia reports Q2 earnings; HUMA unlocks 16.7% of circulating supply, worth approximately $9.5 million.
August 27: Jackson Hole Economic Policy Symposium (August 27–29); the European Central Bank releases the minutes of its latest monetary policy meeting; the Bank of Korea announces its interest-rate decision; the U.S. releases initial jobless claims for the week ended August 22.
August 28: Federal Reserve Chair Warsh delivers a speech at the central banking symposium; the U.S. releases the preliminary 2026 nonfarm payroll benchmark revision.
August 29: HYPE unlocks 4.46% of circulating supply, worth approximately $723 million; FF unlocks 2.57% of circulating supply, worth approximately $6.2 million.
August 30: CARDS unlocks 5.45% of circulating supply, worth approximately $5.6 million; KMNO unlocks 2.89% of circulating supply, worth approximately $5.6 million.

Crypto Daily Market Report – August 24, 2026