Qadir Ak

Bitcoin is rising sharply today as several bullish factors strengthen market sentiment. Bitcoin climbed from around $64,000 to nearly $80,000 in one week, gaining about 22%. Spot Bitcoin ETFs recorded roughly $2 billion in weekly inflows, signaling strong institutional demand. The rally also pushed Bitcoin above key levels, including its 200-day moving average and the $77,000 market mean. At the same time, growing speculation around U.S. Treasury bond buybacks and potential dollar weakness is supporting demand for alternative assets. Together, stronger ETF flows, improving technical momentum and shifting Treasury policy expectations are helping drive Bitcoin's latest surge.

Ethereum's latest rally could be the start of a much larger move, according to Fundstrat's Tom Lee. ETH gained about 30% in a week, and Lee noted that similar weekly gains in May 2025 and July 2021 were followed by strong rallies. He believes easier financial conditions could further support crypto prices. Lee also highlighted growing Wall Street interest in tokenization and the rise of agentic AI as potential catalysts for Ethereum. He said ETH's recent gains were overdue as crypto fundamentals improve. Meanwhile, Bitmine's Ethereum holdings have grown to nearly 5.85 million ETH, showing its continued confidence in the asset.

Crypto trader Machi Big Brother has opened about $113 million in leveraged long positions in Bitcoin and Ethereum after his account balance previously fell below $60,000. His positions include 668 BTC worth about $54 million and 23,350 ETH worth about $59 million, according to on-chain data. The move shows he is betting on further gains after recovering sharply from earlier losses. However, the positions carry significant liquidation risk because they use leverage. Any sharp decline in Bitcoin or Ethereum could quickly turn the trade against him and trigger forced liquidations

The XRP user base continues to grow, with more than 8 million funded XRP accounts now recorded. The latest rich-list figures show how XRP is spread across millions of accounts while a much smaller group holds very large balances.

JPMorgan reiterated its Overweight rating and $240 price target for SpaceX, citing growing confidence in Grok's AI prospects. The firm highlighted SpaceX's reported acquisition of Cursor, which generates about $4 billion in annual recurring revenue, with 75% from businesses. JPMorgan expects Cursor to support SpaceX's enterprise AI strategy, model training and Grok's performance. The acquisition is expected to strengthen SpaceX's AI capabilities as it develops Grok further.

Grayscale launched its Zcash ETF, trading under the ticker ZCSH on NYSE Arca. The fund becomes the first U.S. exchange-traded product focused on a privacy-oriented crypto asset. It was spun out of the Grayscale Zcash Trust, which had more than $313.5 million in assets under management. The launch follows a 65% weekly rise in ZEC, as institutional activity increased ahead of the listing. Further trading and institutional flows will show how demand develops.

About $90 million flowed into altcoin funds last week as prices climbed. XRP rose roughly 50% from recent lows to around $1.60, while Solana funds attracted $28.34 million and Hyperliquid funds received $3.89 million. The inflows show growing institutional interest beyond Bitcoin and Ethereum. Hyperliquid also received a potential policy boost from Trump, while Solana is preparing its Alpenglow upgrade. The upgrade is expected between August and October and aims to speed up transactions.

U.S. markets enter a week of major economic releases following renewed U.S.-Iran strikes that have increased market uncertainty. Investors will watch JOLTS and ISM Manufacturing on September 1, ADP employment data on September 2, jobless claims and ISM Services on September 3, and nonfarm payrolls and unemployment data on September 4. The reports could influence expectations for the Federal Reserve's next rate decision, with markets already weighing higher-rate risks

Tom Lee said BitMine does not need to sell its core Ethereum holdings because staking rewards already generate cash flow that covers preferred stock dividends. The company is focused on making its ETH productive rather than selling it. If BitMine reaches its 5% ownership target, it could sell staking rewards instead of adding more ETH. Lee said selling Ethereum is not a financial necessity for BMNR.

The 10-year Treasury yield climbed to 4.704% after Treasury Secretary Scott Bessent increased bond buybacks to $4 billion weekly to push long-term borrowing costs lower. The move briefly reduced yields before the gains reversed. Fed Chair Kevin Warsh's hawkish Jackson Hole speech later added pressure, keeping markets focused on inflation and interest rates. Rising U.S. government debt, a $1.9 trillion projected deficit and heavy corporate borrowing for AI infrastructure are also increasing bond supply. The next focus is whether Treasury buybacks can offset continued pressure from Fed policy.