Bitcoin pushed higher on Monday, trading near $77,800 and up around 1.2% on the day, even as investors faced a tougher macro backdrop and rising expectations of another US interest-rate increase.
The cryptocurrency outperformed weakening technology shares, with Bitcoin gaining while AI-linked stocks came under pressure after industry leaders renewed calls for slower development. Brent crude above $107 a barrel added to inflation concerns, reinforcing expectations that the Federal Reserve could tighten policy again this week.
Markets are assigning roughly an 86% chance to a quarter-point Fed increase on Wednesday, according to CME FedWatch data cited in the accompanying reports. Bitcoin has already retreated from an early-September high around $82,000 as those expectations strengthened.
Institutional demand has also cooled. US spot Bitcoin ETFs recorded combined outflows of roughly $463 million across the final four trading sessions before September 14, after attracting $3.34 billion between August 19 and September 4. On-chain data was more supportive, however, with long-term holders accounting for a smaller share of realised profits, suggesting less selling pressure from older wallets.
Technically, Bitcoin remains above its major daily moving averages but is struggling to regain the $80,000-$82,000 area. Analysts highlighted support around $76,800, with stronger support between $72,000 and $74,000, while a sustained break above $82,000 would mark a more convincing continuation of the recent rally.
