Bitcoin Price Sees Volatility as Adoption Continues to Grow Globally

Bitcoin's (BTC) price has continued to fluctuate, reaching $77,674.01 at one point on September 2nd, according to Moomoo. This represents a 0.51% increase from the previous day's close of $76,774.01.

The cryptocurrency's trading volume was significant, with over 1.15 billion shares changing hands in the past 24 hours. The price has also been range-bound, edging up but staying within a narrow band.

Despite this volatility, Bitcoin's adoption continues to grow globally, with some analysts suggesting it is now bigger than gold and the S&P 500 in terms of adoption. However, not all experts are bullish on the cryptocurrency's prospects, citing risks from Federal Reserve rate hikes and soaring U.S. Treasury yields.

Key areas of focus include whether the $83,000 resistance level can be breached, as well as the potential impact of a September Federal Reserve rate hike on the cryptocurrency market.