Bitcoin Holds Around $78k as September Kicks Off, With ETF Flows and Yields in Focus

The crypto market opened September on a firm footing, with Bitcoin trading around the mid-$78,000 range and posting a modest gain over the last 24 hours. Data from major exchanges and ETF trackers indicate that U.S. spot Bitcoin ETFs saw more than $200 million in net inflows on August 31, suggesting that steady demand from traditional investors is still providing a solid floor for prices. Ether and other large-cap altcoins also climbed roughly 2%, yet the overall crypto market capitalization slipped slightly, hinting at growing selectivity as capital concentrates in the most liquid names. In the background, Federal Reserve Chair Kevin Warsh’s hawkish remarks at the Jackson Hole symposium pushed the U.S. 10‑year Treasury yield toward 4.8%, reviving expectations for a rate hike in September. Rising long‑term yields are typically a headwind for speculative assets, but for now, consistent ETF inflows appear to be offsetting some of that pressure for Bitcoin. At the same time, the widely watched Crypto Fear & Greed Index has retreated from earlier exuberant levels, showing that investor sentiment is cooling from “euphoria” toward a more cautious optimism. With September historically prone to higher volatility in digital assets, traders are likely to focus on upcoming U.S. macro data, the Fed’s policy path, and whether ETF flows can continue to absorb any shock from the bond market.