BTC $77,928 (-0.33%) | August 31, 2026

Bitcoin moved from $78,202 to $77,928, a decline of $274 or roughly 0.35% over 24 hours, consolidating near the top of its 30-day range.Mixed, not noise. ETF outflows of $201.9 million broke a nine-day inflow streak, a concrete flow reversal, while Saylor's public re-entry signal introduced an offsetting demand catalyst. The two signals partially cancel, leaving near-term positioning genuinely uncertain rather than clearly directional.

Spot Bitcoin ETF flows turned negative by $201.9 million on August 28, ending the longest inflow streak in recent weeks and registering 1.42 standard deviations below the 30-day average daily flow of $109.3 million.
Michael Saylor posted 'We're Back,' signaling Strategy may resume Bitcoin purchases after a two-month pause; the company's 840,447 BTC position sits approximately $2.8 billion above cost basis at current prices.
Bitcoin dominance held near 59.7%, a multi-year high range, as Ethereum fell 1.30% and Solana fell 3.03% on the day, reinforcing Bitcoin's relative strength within the crypto asset class.
Fees remain compressed at 3 sat/vB for fast confirmation, reflecting low mempool congestion and a network processing transactions efficiently at 914 EH/s of hashrate.
Bitcoin's 90-day correlation with the S&P 500 sits at 0.28, below the 0.3 threshold that historically marks a decoupling phase, while correlation with gold is 0.54, suggesting Bitcoin is trading closer to the monetary-goods regime than the risk-asset regime.

Market Snapshot

Market Cap

$1.56T

24h Volume

$19.89B

Dominance

59.7%

Macro Context

How Bitcoin fits into the macro picture

Bitcoin is trading 11.80% above its 30-day average price while the S&P 500 is positive year-to-date at 11.14% and the NASDAQ-100 at 15.19%, but Bitcoin remains down 13.41% year-to-date, underperforming both equity indices significantly on an annual basis. The DXY is marginally negative on the day at -0.09%, providing a slight tailwind to dollar-denominated assets. The August Jobs Report in 4 days and CPI in 10 days are the near-term macro variables most likely to move the rate-cut probability that currently underpins risk-asset valuations.

Bitcoin's 90-day rolling correlation with the S&P 500 is 0.28, below the 0.3 threshold that has historically marked a decoupling regime, while its correlation with gold is 0.54. Bitcoin is tracking closer to the monetary-goods basket than the equity-risk basket in the current 90-day window.

BTC vs Everything

Asset	24h	YTD	BTC Edge
SPXS&P 500	-0.25%	+11.14%	-24.55%
QQQNASDAQ-100	-0.70%	+15.19%	-28.60%
XAUGold	-0.37%	-4.26%

Market Snapshot

Macro Context

BTC vs Everything

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