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Bitcoin price August rally holds near $78,000 despite oil, Fed pressure

The Cryptonomist·September 1, 2026·1 min read
Bitcoin price August rally holds near $78,000 despite oil, Fed pressure

Bitcoin’s August rally refused to fully unwind this week, even as oil prices spiked and traders bet on a Federal Reserve rate hike. The token traded around $78,000 on Tuesday, holding on to most of the roughly 25% gain it posted in August, according to LMAX Group Market Strategist Joel Kruger.

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