🔥 Bitcoin Breaks $81K – Best Month Since 2024!

Current Price: ~$79,800–$80,350

24-Hour Change: +1.86%

Weekly Change: +5.63%

Monthly Change: +28% (best month since November 2024)

Bitcoin briefly surged past $81,000 in early trading today, fueled by Nvidia's blockbuster Q2 earnings beat. The world's largest crypto is now up over 28% in August alone – its strongest monthly performance since November 2024.

What's Driving the Rally?

· Nvidia Earnings Beat: Shares closed up 8.7%, tech sector gained 3.4%, boosting overall risk appetite

· ETF Inflows: Bitcoin ETFs have recorded 8 consecutive days of net inflows, totaling roughly $2.8 billion

· Treasury Bond Buybacks: Treasury doubled its long-term buyback program from $2B to $4B, weakening the dollar and pushing capital into Bitcoin

Key Levels to Watch:

· Resistance: $81,000–$83,000

· Support: $78,000–$79,000

· Current: ~$80,000

⚠️ Today's Catalyst:

Fed Chair Kevin Warsh's Jackson Hole speech at 2:00 PM UTC could be the next major catalyst. His remarks on interest rates and inflation could determine whether BTC breaks above $83,000 or retests $78,000 support.

Also Watch:

#Cardano removed from GDLC ETF

· $6.4B BTC options expiring today – could amplify intraday volatility

· U.S.-Iran tensions – Brent crude rebounded 2.12% to $89.70

#BTC #Bitcoin #Crypto #ETF