Bitcoin’s round of increase has not led the whole encryption market to synchronize. According to foreign sources, the cumulative increase in bitcoin over the past week was about 24 per cent, with prices approaching $79,000, the strongest performance since 2023; however, most of the country ' s currency, although once up, fell sharply.
The whole thing is not in a strong position.
ETA is one of the better-performing assets of the current round, which rose by about 30 per cent over the same period and the price broke by $2500. However, market indicators after the removal of bitcoin and Ethera have not continued to rise. The Total3 index, which was used to observe the performance of the remaining encrypted assets, has fallen behind in the early hours and currently stands at approximately $75.3 billion, which continues to decline on a weekly basis.
The Total2 index, which covers the whole of the Yamashita currency market, is similar. This indicator rose by more than 24 per cent from 19 to 22 August, re-emerging at $1 trillion, but then re-emergence increased in part, the latest being approximately $1.05 trillion, and continued to weaken over the past two days, while bitcoin continued to move up.
CoinMarnetCap's “Standing Currency Quarterly Index” also shows that the market has not yet reached the stage of a general run by Yamamoto. The index shows how many of the 100 coins before the market value have won bitcoin in the past 90 days; higher than 75, which is usually considered a "square currency season" and close to 25 tends more to be bitcoin seasons. The current index is 46, which means that most of the mountain currencies have not yet won bitcoin.
Three factors driving up bitcoin
According to the article, the starting point for this turn was last Wednesday. The United States Department of the Treasury stated at that time that it would increase the scale of each long-term national debt buy-back from $2 billion to $4 billion from 9 September. This is intended to support the need for United States debt and to mitigate the cost of financing, as well as to drive the weakening of the dollar. According to the article, some of the funds were thus diverted to bitcoin as a counter-inflation asset, a logic strongly similar to that of the gold this year.
Two days later, the President of the United States, Trump, met with the head of the encryption industry in the White House and promoted Congress's adoption of the Clarity Act. The bill aims to identify which United States regulators are responsible for the different types of encrypted assets. According to the article, this policy signal further reinforces market risk preferences.
In addition, as Bitcoin broke $700,000, traders who had been forced to refill the downside of their previous bets were forced to do so in a flat and empty manner. Bitget Wallet research analyst Lacie Zhang estimated that over the past two to three days, the encrypted market had been liquidated in an empty position of over $4 billion.
Market concerns $80 million
According to the article, if the Bitcoin station continued at $80,000, the price could go up further, ranging from $82,000 to $87,000; if there was a fallback, $75,000 to $76,000 could become the main support area.
Another time point in mid-September. The United States Senate is expected to revisit the Clarity Act at that time, which may also continue to influence the mood for encryption markets and the flow of funds.