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Crypto

Bitcoin Stabilizes at $78,000 Amid Dollar Strength and Rate Expectations

Guavy AI Editorial Team
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BTC SOL DOGE DOG
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Bitcoin's price has stabilized around $78,000 after experiencing a modest pullback. Despite the temporary decline, it remains up about 1% over the past week.

The stronger US dollar and increased expectations for interest-rate hikes have weighed on the crypto market, pushing US Treasury yields higher and leading to institutional outflows from spot Bitcoin ETFs.

In the altcoin market, Solana (SOL) and Dogecoin (DOGE) have fallen about 2%, marking relatively steep declines. Meanwhile, investors are keeping a close eye on monthly fund flows for spot Bitcoin ETFs as August comes to a close.

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