Track the evolution of major financial and economic events
On September 3, Bitcoin officially surpassed the $80,000 milestone, reaching a peak of $80,477 within a few hours. This significant price surge was primarily driven by dovish signals from the Federal Reserve. These signals effectively dampened market expectations and bets regarding future interest rate hikes.
In August, Binance recorded record-breaking inflows exceeding $15.7 billion, driven by a rebound in Bitcoin's price and overall crypto market valuations. The exchange captured over 75% of the total digital asset ecosystem inflows during the month, significantly outperforming its competitors. This surge highlights Binance's dominant position in the market as it recovered from previous volatility.
On September 1, Bitcoin's price dropped by more than 2% to a low of $77,161 before staging a modest recovery. This downturn coincided with escalating geopolitical tensions between Washington and Tehran. Furthermore, oil prices surged above $90, reflecting a broader risk-off sentiment in the global markets.
On August 31, Strive acquired an additional 1,800 Bitcoin for $143 million. This purchase brought the company's total holdings to 23,156 BTC. As a result, Strive now maintains the fifth-largest corporate Bitcoin treasury in the world.
On August 31, Robinhood Chain recorded $2.66 million in 24-hour app revenue, surpassing major networks including Ethereum, Base, and Hyperliquid. This rapid growth underscores shifting dynamics within the decentralized finance (DeFi) sector. The performance presents a notable challenge to Ethereum's established economic model.
On August 30, the Cronos Network paused its operations following a significant exploit on Tectonic, its decentralized lending protocol. On-chain analysis estimates that approximately $119.5 million was drained from the lending pools during the attack. The network suspension serves as a direct response to mitigate the impact of the security breach.
Bitcoin surpassed the $80,000 mark on August 25, reaching its highest level since mid-May. The cryptocurrency recorded a total growth of 28% during August, fueled by a weakening US dollar. This rally is attributed to the dollar's decline and expectations of supportive US policies for the cryptocurrency sector.
Bitcoin recorded its best weekly gain since March 2024 as the US national debt surpassed the $40 trillion mark in August. This milestone occurred alongside the US Treasury doubling its bond buyback program. Furthermore, Bitcoin spot ETFs saw institutional inflows at a record pace during this period. These events highlight the cryptocurrency's performance amid shifting fiscal conditions.
Bitcoin stabilized around $77,180 after reaching a peak near $79,500 on Friday, marking one of its strongest weekly rallies in years. This surge was driven by improved liquidity conditions, institutional buying, and more favorable regulatory signals from the United States. The price significantly exceeded previous outlooks of $70,000, maintaining its position above the $77,000 mark despite a slight 0.6% easing from its recent peak.
Bitcoin has gained 15% since Monday, approaching the $72,000 level and marking a significant jump from its previous $64,100 mark. The rally enabled the cryptocurrency to reclaim key technical and on-chain levels, successfully breaking past the 50-day EMA resistance. This bullish momentum is also linked to positive performance in crypto-related stocks such as MicroStrategy and Coinbase.
On August 18, Bitcoin reached the $65,000 mark, successfully breaking through its 50-day EMA technical resistance of $64,650. This price surge triggered a $56 million short squeeze, leading to significant liquidations for bearish traders and pushing Bitcoin's market capitalization near $1.3 trillion. Additionally, the movement occurred as a 60-day memorandum of understanding between the U.S. and Middle Eastern counterparts expired.
Since July 29, Bitcoin whale and shark wallets holding between 10 and 10,000 BTC have accumulated more than 20,000 BTC. On August 7, Bitcoin ETFs recorded $750 million in inflows while whales acquired approximately $1.2 billion in BTC. These figures highlight a significant accumulation trend by large-scale holders and institutional investment products.
