TL;DR
The crypto market returns to green at the start of the week with Bitcoin trading around $63,600, a gain of nearly 1% that allows it to consolidate above the $63,000 threshold after a week dominated by sellers. The move partly mirrors the rebound in Nasdaq 100 futures, which rose 0.5% to their highest level since July 2, suggesting the world’s largest cryptocurrency remains aligned with equity market dynamics.
The picture from the previous week was discouraging: Bitcoin attempted to hold near $65,000 last Monday but was rejected at $65,400 and gradually lost ground until marking a ten-day low of $62,500 on Friday. The weekend passed without significant changes, until Monday morning brought a nearly $1,000 jump that pushed it to $63,600.
Despite the modest recovery, the structural backdrop calls for caution. Spot bitcoin ETFs in the United States accumulated four consecutive days of net outflows last week, recording a total of $390 million in withdrawals, the highest weekly figure in six weeks. ETH ETFs recorded minimal flows, although Solana’s broke the trend with their largest weekly inflows since mid-May.
On the regulatory front, Alex Thorn, head of research at Galaxy Research, lowered the odds of the Clarity Act becoming law in 2026 to approximately 10%, in line with prediction markets that place it near 17%. The cloture vote in the Senate is scheduled for September 15, though analysts anticipate further delays.
Among the largest-cap assets in the market, ZEC rose 4.7% to $508, supported by derivatives metrics showing active buying positioning and a positive funding rate of 10%. RAIN gained around 4% and HYPE climbed 3.5% to $59.2, extending a consistent upward streak.
Ethereum surpassed $1,900 with a 1.1% gain, while XRP trades exactly at $1.00 with a marginal change of 0.15%. BNB fell 0.4% and hovers around $605. Solana trades around $75.5 with a 0.4% gain. The total crypto market capitalization remains below $2.25 trillion, with a daily increase of less than $20 billion.
