Theme Bitcoin (BTC)

The 13 Bitcoin spot ETFs listed in the United States recorded net outflows of $450.4 million on Tuesday, September 15, according to data from Farside Investors. A level rarely reached in recent months. On the same day, the US Senate failed to gather the 60 votes necessary to advance the CLARITY Act.

Bitcoin heads into the Fed decision under pressure, with markets pricing in a rate hike and traders bracing for Warsh’s signals.

The data recorded on blockchains often gives the impression of providing an accurate reading of financial flows. However, a study by the Bank for International Settlements (BIS) shows that certain metrics can vary depending on the method used. For bitcoin, researchers noted a gap of up to six times in the estimation of the value of transfers made on the blockchain. This difference does not concern exchanges carried out on platforms, but rather the interpretation of transactions recorded directly on the network.

In a few hours, bitcoin erased the rebound that had taken it up to 79579 dollars. BTC fell below 75000 dollars, down to 74984 dollars, its lowest level since August 21. This break occurred less than 24 hours before a key decision by the US Federal Reserve, while a 25 basis points rate hike is expected. With the 77000-dollar support now broken and market sentiment sharply declining, investors face the Fed verdict in a profoundly reshaped configuration.

The crypto market is entering a new phase according to Dan Tapiero, who sees potential for Bitcoin. The macro investor estimates that its value could reach $20 trillion by 2035, ten times its current level. This projection also concerns Ethereum, Solana, and companies related to digital assets. For Tapiero, several macroeconomic signals marked a possible bottom, while a new driver could come from artificial intelligence agents and their blockchain transactions in the long term.

A few hours before the Fed decision, more than a dozen banks are betting on a 25 basis point rate hike, an outcome currently credited with an 87.3% probability by the market. The main causes are more persistent inflation than expected and an oil price above 100 dollars. Faced with such a tightening of expectations, BTC is trading around 76000 dollars, after having exceeded 79000 dollars. The verdict on Wednesday, September 16, should reshuffle the cards.

Russia is keeping crypto under tight control at home while turning to bitcoin as an alternative rail for selected cross-border transactions.

After twelve months of caution, Bitcoin options traders change direction. Since August 20, they pay more to bet on a BTC rise than to protect against a drop, an unprecedented shift in a year. The signal comes while bitcoin trades around $78,278, far from its peak above $126,000 in October 2025. Between dominance of call options, increase in futures positions, and bets concentrated under $100,000, the derivatives market shows renewed but still measured optimism.

During the shortened week of September 8, U.S. crypto ETFs recorded nearly $263 million in net outflows. The positive gathering of products related to Ether, XRP, and Solana was masked by withdrawals concentrated on Bitcoin ETFs.

Bitcoin is entering a week dominated by two major political and monetary events. On Tuesday, September 15, the U.S. Senate is set to vote on closing debates on the CLARITY Act. On Wednesday, the FOMC will announce its interest rate decision. However, positioning data shows traders have already adjusted their exposure. Since the beginning of the month, open positions have significantly decreased, while the price has declined more moderately. This reset could already change the dynamics of upcoming sessions.

Strategy has paused its bitcoin purchases and put $139 million into STRC, while Strive continues adding BTC to its holdings.

As I explained in my analysis last week, Bitcoin remains for now in a totally lateral market. The scenario I envisaged continues to unfold: the price oscillates between the 80,000-82,000 dollar zone and the 75,000-76,000 dollar zone, which currently acts as support. And personally, I decided to take advantage of this range rather than try to anticipate a breakout that still hasn't happened.

The inter-chain liquidity protocol Symbiosis recovered about 15 BTC after a flaw targeting its Bitcoin bridge. The September 11 incident led the project to suspend its Bitcoin Bridge service and isolate the affected infrastructure. Meanwhile, Symbiosis restored bitcoin trading thanks to Chainflip and THORChain. The protocol also offers a 20% bounty to recover the remaining funds. This operation comes as several bridges have undergone a massive creation of unbacked tokens.

According to Tom Lee, bitcoin quietly disrupts crypto portfolios: 2% initially, versus more than 80% today. Analysis.

North Korea is expanding its infiltration system of American companies. According to an NBC investigation, IT workers based notably in Iran and Lebanon are recruited to attend interviews on behalf of North Korean operators. Some reportedly received 500 dollars per month in crypto to play the "interview associates" role. Once the contract is secured, the position can be taken over by a worker linked to Pyongyang. American authorities had already documented the increasing use of third parties to bypass recruitment controls.

After a 24% gain in two weeks, BTC stopped its progression and currently stagnates around 77000 dollars. According to CryptoQuant, the momentum remains bullish; however, its confirmation depends on a precise threshold: 81700 dollars, the level of the 365-day moving average. However, before reaching it, the market must still absorb a significant concentration of supply. And beyond that, two new resistances already await bitcoin at 83600 and 88700 dollars.

American Bitcoin ETFs recorded a fourth consecutive day of net outflows on Friday, September 11, with $13.29M withdrawn. In contrast, ether ETFs attracted $216.41M and mark a fourth positive week. Institutional investors therefore still seem present in the crypto market, but their interest is shifting.

The crypto market enters a new phase of uncertainty as Goldman Sachs revises its monetary scenario. The American bank now forecasts a Fed rate hike next week, following stronger-than-expected core inflation in August. This change comes as bitcoin trades below $80,000. Investors have adjusted their expectations, with the probability of a hike now approaching 90%. The September decision could impact market reactions.

For Brian Armstrong, the CEO of Coinbase, bitcoin at $400,000 by 2030 remains a reasonable target. However, to reach it from its current price, BTC would have to multiply by more than five.

Binance now holds more than 693,000 bitcoins, a level unseen in two years. Since the end of April, its balance increased by 77,000 BTC, while bitcoin struggles to stay above 80,000 dollars. On the world's largest crypto platform, these reserves remain potentially available for sale.

The cryptocurrency market remembers the sharp drop of BTC below 58,000 dollars in July. However, on-chain data shows a much weaker reaction than expected after this dip. This discretion of buyers now raises a central question: did this level really represent a durable floor? The HODL Waves indicator provides precise insight into recent supply movements. Its evolution mainly suggests slow accumulation, very different from the reactions observed at previous cycle lows.

Zcash mining currently yields much more per unit of electricity than Bitcoin mining. At the beginning of September, an Antminer Z15 Pro generated about 708 dollars in gross revenue per megawatt-hour consumed, compared to 179 dollars for an Antminer S23 Pro dedicated to BTC. The ratio therefore approaches 4 to 1. This figure does not correspond to net profit: electricity, hosting, maintenance, and depreciation still need to be paid. But it is enough to explain why new miners are now looking much more closely at Zcash.

The Liquid network is going through a stage of its security incident. After the withdrawal of thousands of bitcoins, Blockstream now refuses all ransom demands. The company states it wants to recover the remaining funds without paying a financial reward. It plans to work with law enforcement, exchange platforms, and digital forensic experts. Liquid has resumed its block production but keeps bitcoin transfers suspended.

A whale opened a long position of 911.55 BTC (70 million dollars) with a 40x leverage on Hyperliquid, less than 1% from its liquidation price. Meanwhile, Michael Saylor posts a minimalist tweet: "Just buy Bitcoin." Between extreme speculation and long-term strategy, here are the two faces of the crypto market.

After the release of US inflation data, crypto liquidations reached 562 million dollars. Bitcoin dropped to 76651 dollars, while long positions bore most of the losses.

Polymarket and Kalshi in ESMA's sights: can the prediction market survive European tightening? Comprehensive analysis.

Bitcoin has dropped below 78,000 dollars again, erasing some of its gains from earlier in the week. As US inflation figures approach, options traders are also beginning to reduce their bullish exposure.

Scott Bessent puts the CLARITY Act back at the center of the American crypto agenda. The Treasury Secretary asks senators to stay at the negotiating table and advance the bill as soon as they return to Washington. The Senate resumes its work on September 14, with a procedural step expected on the 15th. The bill aims to create the first comprehensive federal framework for the structure of the crypto market in the United States.