{"id":77109,"date":"2026-08-21T17:45:42","date_gmt":"2026-08-21T17:45:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-holds-77k-as-bulls-keep-augusts-best-week-in-play\/"},"modified":"2026-08-21T17:45:42","modified_gmt":"2026-08-21T17:45:42","slug":"bitcoin-holds-77k-as-bulls-keep-augusts-best-week-in-play","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-holds-77k-as-bulls-keep-augusts-best-week-in-play\/","title":{"rendered":"Bitcoin Holds $77K as Bulls Keep August\u2019s Best Week in Play"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin surged past $65,000 resistance to reach a multi-month peak of $79,491 before settling near $77,300.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinglass data showed the rally wiped out $709 million in BTC short bets out of $1.13 billion marketwide.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Peter Schiff noted inflation hedges rising as prediction markets bet BTC will finish 2026 in the green.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin Consolidates Near $77,000 After Multi-Month Peak<\/h2>\n<p>Bitcoin (BTC) appeared to consolidate above $77,000 hours after reaching a multi-month peak. Despite the retreat, bitcoin remained on course to close the week with its highest gains in August so far, as it finally broke the $65,000 resistance level following weeks of failed attempts.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>However, before the surge to the monthly peak, market data showed bitcoin rallied to $75,500 around 9:50 p.m. Thursday before a sell-off wave dragged it toward $74,000. Just over four hours later, the cryptocurrency was back above $75,500 as another <a href=\"https:\/\/news.bitcoin.com\/market-updates\/1-2b-wiped-out-bitcoin-squeeze-returns-strategy-to-profit\/\">massive rally pushed it to $79,491<\/a>.<\/p>\n<p>However, bulls backed off as bitcoin failed to hold its approach toward $80,000, slipping back under $77,000 and chopping sideways in that band. At 12:30 p.m. EST, bitcoin traded just above $77,300, translating to a daily gain of 6.4%. This gain lifted its market capitalization to $1.55 trillion, which helped push the broader cryptocurrency market capitalization to $2.63 trillion.<\/p>\n<p>The market momentum has forced even prominent sceptics to take notice. Vocal bitcoin critic Peter Schiff grudgingly acknowledged that the cryptocurrency is functioning as an alternative to <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/treasury-buyback-sparks-bitcoin-surge-as-debasement-trade-returns\/\">gold during monetary debasement<\/a>, conceding that investors are treating both assets as competing stores of value in the face of inflation.<\/p>\n<p>\u201cGold hitting $4,600, silver near $70, oil over $87, and bitcoin\u2019s earlier spike above $79K show the Fed has lost all credibility on its commitment to returning inflation to 2%. Treasury made it clear the Fed will choose inflation, so investors are choosing their preferred hedge,\u201d Schiff <a href=\"https:\/\/x.com\/PeterSchiff\/status\/2090770804497674291\" target=\"_blank\" rel=\"noopener noreferrer\">said in a post on X<\/a>.<\/p>\n<p>Consistent with the trend<a href=\"https:\/\/news.bitcoin.com\/market-updates\/btc-nears-72k-as-altcoins-surge-and-short-sellers-lose-3b\/\"> observed over the past three days<\/a>, the price action left short traders licking their wounds. Coinglass 24-hour liquidation data showed nearly $709 million in short bets on the cryptocurrency were wiped out, compared with $139 million in long bets. Overall, the cryptocurrency market saw $1.13 billion in short bets liquidated versus $290 million in long bets.<\/p>\n<p>Meanwhile, bitcoin\u2019s performance over the last four days has trimmed its year-to-date losses from nearly 30% down to 11.4%\u2014a swift recovery highlighting how its notorious volatility functions as both a liability and a catalyst. With the Crypto Fear and Greed Index more than doubling from 34 to a bullish 72, prediction market traders are increasingly betting that bitcoin will finish 2026 in green territory.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/vaneck-sigel-bitcoin-100000-500000-2029\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Vaneck&#8217;s head of digital assets research, Matthew Sigel, says his year-ahead bitcoin target and his 2029 cycle-peak call haven&#8217;t moved.\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/vaneck-sigel-bitcoin-100000-500000-2029\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Vaneck&#8217;s head of digital assets research, Matthew Sigel, says his year-ahead bitcoin target and his 2029 cycle-peak call haven&#8217;t moved.\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/vaneck-sigel-bitcoin-100000-500000-2029\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-clears-76000-as-vanecks-sigel-sees-100000-by-2027_nwmk-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Approaches $80,000 as Vaneck\u2019s Sigel Sees $100,000 Target by 2027<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Vaneck&#8217;s head of digital assets research, Matthew Sigel, says his year-ahead bitcoin target and his 2029 cycle-peak call haven&#8217;t moved.\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-holds-77k-as-bulls-keep-augusts-best-week-in-play\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin surged past $65,000 resistance to reach a multi-month peak of $79,491 before settling near $77,300. Coinglass data showed the rally wiped out $709 million in BTC short bets out of $1.13 billion marketwide. Peter Schiff noted inflation hedges rising as prediction markets bet BTC will [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":77110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77109"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77109"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77110"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}