BTC consolidates near $77,000 as traders take $1.72B in profits

NewsMon, 24 Aug 2026 08:57:32 UTC2 hours ago
BTC consolidates near $77,000 as traders take $1.72B in profits

Key takeaways

  • Bitcoin trades around $77,000 after gaining more than 23% last week, its strongest weekly performance since March 2023.
  • Investors realized $1.72 billion in profits on Friday, the highest daily total since November 2024.
  • US spot Bitcoin ETFs attracted $1.92 billion in weekly inflows, their strongest showing since October 2025.
  • BTC faces immediate resistance at $78,490 and $80,000, with additional upside targets at $81,059, $87,599 and $88,990.

Bitcoin is trading around $77,000 on Monday after surging more than 23% last week, its strongest weekly gain since mid-March 2023.

The rally followed the US Treasury's announcement that it would expand its debt buyback operations, improving sentiment across cryptocurrency markets.

Strong institutional demand also supported the advance, with US spot Bitcoin exchange-traded funds recording their largest weekly inflows since October 2025.

However, on-chain data suggests some investors are taking profits as BTC approaches the psychologically important $80,000 level.

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