Bitcoin holds near $80,000 as ETH and XRP rise into Jackson Hole

Bitcoin tapped $80,000, but traders remain cautious ahead of Fed Chair Warsh's speech at Jackson Hole on Friday.

Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $79,925 Ethereum (CRYPTO: ETH) $2,495 Solana (CRYPTO: SOL) $108.03 XRP (CRYPTO: XRP) $1.45 Dogecoin (CRYPTO: DOGE) $0.08897 Shiba Inu (CRYPTO: SHIB) $0.0 5 5455 Notable Statistics: Coinglass data shows 90,734 traders were liquidated in the past 24 hours for $421.26 million.

SoSoValue data shows net inflows of $232.1 million from spot Bitcoin ETFs on Wednesday.

Spot Ethereum ETFs saw net inflows of $192.4 million.

In the past 24 hours, top gainers include VeChain, Official Trump and Ethena.

Notable Developments: Solana Surges 5% as Charles Schwab Adds SOL, AVAX, LINK to Crypto Platform Bitcoin's Big Test: The Supply Wall Between $81,000 and $86,000 Scott Bessent (Un)Intentionally Made Two of Bitcoin's Strongest Arguments, Bitwise Exec Says BlackRock's Exec Says CLARITY Act Is 'Less Critical' for Bitcoin Other Cryptos Trader Notes: Daan Crypto Trades predicts that Bitcoin needs to break and hold $80,000, with a new higher high above $83,000 likely to trigger stronger FOMO, leverage and targets around $98,000.

KillaXBT highlighted that the failure to hold below $57,000 and weeks of consolidation above $62,000 suggest the bearish case has weakened.

He sees $82,000+ as the only area worth considering a hedge short.

Michaël van de Poppe noted that the longer Bitcoin holds current levels, the less likely it is to revisit its lows, putting those odds below 15%.

Another leg higher could take BTC to $90,000, followed by a $70,000 to $90,000 range for two to four months before a potential move toward all-time highs.

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