Bitcoin Holds Near $78,000
Bitcoin is holding near $78,000, but a stronger U.S. dollar is limiting further upside. According to CoinDesk, the Japanese yen fell through 160 per dollar, approaching levels that markets view as potential intervention territory. Dollar strength increased after Kevin Warsh’s Jackson Hole remarks strengthened expectations for a more restrictive Federal Reserve policy. U.S. Treasury yields also moved higher, putting pressure on risk assets. Bitcoin was down less than 1% over 24 hours, while Solana and Dogecoin fell around 3%. Markets are also watching the final trading session of August to see whether the recent streak of inflows into U.S. spot Bitcoin ETFs can survive the shift in interest-rate expectations. For xbit.money users, the latest moves highlight how currency markets, Treasury yields and Fed expectations can directly influence BTC sentiment and exchange rates. Track the latest Bitcoin price and exchange digital assets securely with xbit.money.