Bitcoin validated a golden cross around $78,000, a moving average crossover confirming the more than 30% rebound since July lows. Altcoins suffered marked declines, with Dogecoin down 5%, BNB nearly 4% and XRP 3%, highlighting their heightened sensitivity to market sentiment shifts. The surge in Brent crude above $100 pushed U.S. Treasury yields to their highest since late 2023, with the 10-year rate reaching approximately 4.84%. Markets are pricing in a 60% probability of a 25 basis point rate hike by the Federal Reserve in September, tightening liquidity conditions for risk assets. Bitcoin holds support around $77,800-$78,000 with first resistance at $79,000-$80,000.
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