Bitcoin Rebounds To $78K After Middle East Strikes Sink Price Below $77K

TL;DR

• Bitcoin rebounded toward $78,000 after falling below $77,000 amid renewed U.S.-Iran strikes, but remains below last week’s highs near $81,400.
• Crypto futures open interest stayed near $136 billion as volume fell 7%, while Bitcoin and Ether positioning remained light and implied volatility continued cooling.
• Spot Bitcoin ETFs resumed inflows with $217 million on Monday, while altcoins were mixed and the Altcoin Season index dropped to 26/100, signaling continued Bitcoin dominance.

Bitcoin stabilized near $78,000 on Tuesday after a volatile stretch that saw it plunge below $77,000 following renewed military strikes between the United States and Iran. BTC had traded above $81,000 several times late last week before selling pressure intensified, first after Federal Reserve Chair Kevin Warsh’s hawkish Jackson Hole remarks and then again as Middle East tensions escalated. The notable development is Bitcoin’s ability to recover quickly from repeated shocks without reclaiming its recent highs. After rebounding toward $79,000, the cryptocurrency settled between its latest support and resistance boundaries during an unusually tense start to September.

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