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Treasury buybacks, ETF inflows and a weaker dollar ignite crypto's breakout.

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Bitcoin ETFs pulled in $1.92 billion last week, their biggest haul in 10 months, as Bitcoin jumped 23% to around $78,000; BlackRock's fund alone took in $1.3 billion. Bitcoin is now pushing toward $79,500-$80,000 resistance, with support around $75,000-$76,000 and then $71,500 if the rally cools.

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Cardano (ADA) is currently changing hands around $0.220 this Monday following an impressive 29% climb during the previous week. The upward movement received significant support from improved market conditions and the announcement that T.Rowe Price has incorporated ADA into its Active Crypto ETF.

 

Bitcoin holds near $77,000 as traders await July PCE inflation, revised U.S. GDP and Kevin Warsh's first Jackson Hole keynote.