Bitcoin is trading around $78,000, having achieved its strongest monthly performance of 2026 in August with approximately 24% gains. Binance’s Bitcoin reserves reached approximately 687,000 BTC, their highest level of the year, up from around 617,000 BTC in late April, suggesting a distribution rather than accumulation dynamic. Fed Chair Kevin Warsh’s hawkish remarks at Jackson Hole renewed September rate hike fears, pushing BTC below $78,000 on Friday. The total crypto market cap stands at approximately $2.63 trillion, with 24-hour volume down 45% to approximately $184.44 billion. Standard Chartered’s $100,000 year-end target remains in place, but analysts note a hidden bearish divergence on BTC.
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