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Bitcoin Consolidates Amid Strong ETF Demand | Bitcoin and Crypto News
Description
Bitcoin holds steady near $79K after a 23% surge in seven days, while the broader crypto market dips slightly. U.S.-listed spot Bitcoin ETFs see $314M in inflows Tuesday, pushing August totals past $3B. Mixed signals emerge: derivatives hint at short-term bearishness, but strong call option demand suggests traders expect sideways movement, not a crash. Key resistance looms around $82K and $85K as the market consolidates. Gold and U.S. stock futures remain flat ahead of earnings and economic data — underlying ETF demand remains a bullish signal.
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