Bitcoin Steadies Above $76,000 as ETF Demand Drives Rally

Bitcoin has steadied above $76,000 after last week's sharp rally, trading in a tight band as traders focus on this week's Jackson Hole symposium and Friday's PCE inflation report. The move is now driven by genuine spot demand, replacing leverage that fueled the earlier squeeze.

Ethereum led gains among majors, climbing past $2,440 on renewed institutional flows, while Solana and Hyperliquid also posted firm advances through the session. Attention remains fixed on the SEC's open comment window for its new crypto asset framework.

The Treasury's bond buyback plan has weakened the dollar and revived demand for scarce assets, contributing to a 21.46% gain in Bitcoin over the past seven days. The SEC's proposed crypto asset framework is also generating regulatory momentum, with Chairman Paul Atkins calling it a step toward clearer, fit-for-purpose crypto rules.

Laser Digital secured Japan's first new crypto license in four years this week, offering liquidity services to domestic providers as institutional demand grows. The Fear and Greed Index climbed to 73 today, reflecting strong bullish sentiment, though traders caution against chasing extended short-term gains.