
Post
Marcus Corvinus1
$BTC has reclaimed and is holding above $65,000 with quiet strength.
On August 10, Bitcoin traded steadily above that level-up roughly 3% on the week, after a soft U.S. jobs report eased near-term Fed rate-hike fears. $ETH tracked higher near $1,920, $SOL stood out with ~5% weekly gains near $77, and $BNB advanced modestly. $XRP lagged as the clear underperformer among majors.
The move was driven less by headlines and more by flows. Spot Bitcoin and Ethereum ETFs posted their strongest weekly inflows since April (combined ~$1.1B), led by BlackRock’s IBIT. A softer dollar and improved risk appetite helped, while the market largely ignored the CLARITY Act delay to September and minor Bitcoin-ecosystem noise.
Crypto continues to trade as a high-beta risk asset tightly linked to U.S. monetary expectations and institutional capital. When labor data softens and ETF demand returns, liquidity favors $BTC first, then rotates into liquid large-caps like $ETH and $SOL.
What to watch next?
July CPI lands Wednesday and remains the clearest catalyst. Sustained ETF inflows, dollar/yield moves, and positioning around the $65,800–$66,000 zone will decide whether this support holds or fades.
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