Bitcoin Holds Near $77,500 as Market Weighs Rate Hike Odds

Bitcoin has been trading near $77,492 over the past day, up 0.5% from yesterday's levels and holding above support at around $77,000. This price stability comes after last week's pullback from a three-month high of just over $81,000.

The market is still processing the impact of Fed Chair Kevin Warsh's hawkish Jackson Hole keynote, which caught many traders off guard. The resulting increase in expectations for a September rate hike has weighed on crypto prices more broadly.

Solana and Hyperliquid have been leading gains among major tokens, with both assets up over 3% today. Solana's recent Alpenglow upgrade, which aims to reduce transaction finality times, is seen as a key driver of its performance. Meanwhile, Hyperliquid continues to draw fresh trading volume.

Despite the current market uncertainty, Ethereum and XRP funds have continued to attract inflows, with ten consecutive sessions of net buying for Ethereum's flagship products. This trend suggests that investors are reallocating within crypto rather than pulling capital out of the asset class as a whole.