Bitcoin Tests $80K as ETF Streak Hits Eight Days

Bitcoin climbed above $80,000 as spot ETF inflows extended to eight consecutive days, though momentum slowed to $232.1 million in the most recent session from a streak total of $2.8 billion, according to data published August 27. Glassnode analysis indicates Bitcoin faces a demand test above $83K as multiple trend lines and liquidity structures converge around the spot price, keeping upside in check. BlackRock stated the macro case for bitcoin is strengthening after record trading activity during the positive week. Price action later showed Bitcoin trading below $79,000 as some traders began positioning for potential Federal Reserve policy shifts.

Bitfinex Securities completed a $50 million tokenized capital raise for Alkemya, marking a record for the platform. The token represents interests in a partnership that holds nickel assets, advancing the exchange's push to offer tokenized commodity trading infrastructure. The transaction demonstrates continued institutional appetite for tokenized real-world assets as traditional finance explores blockchain-based settlement rails.

The SEC is resurrecting a U.S. crypto custody rule that the previous administration failed to implement, signaling renewed regulatory focus on digital asset safeguarding standards. Britain announced plans for a new Bank of England objective specifically addressing stablecoins, expanding central bank oversight into digital payment tokens. Dallas Federal Reserve economists published research warning that tokenized deposits could raise U.S. credit costs, arguing that faster, programmable deposits might make bank funding less stable and push lenders toward more expensive funding sources.

StarkWare tested a quantum-resistant Bitcoin transaction on mainnet, demonstrating quantum-secure spending without requiring a network fork, though the experimental transaction cost up to $200 and required direct miner submission. A new Bitcoin Improvement Proposal for the SHRINCS signature scheme was published August 27 to upgrade Bitcoin to quantum security. Bitcoin researchers separately proposed a quantum fix designed to avoid crowding out regular transactions. Core Lightning confirmed multiple vulnerabilities and prepared a security update, advising node operators to use offline mode if they do not install the forthcoming patch, keeping nodes active but disconnected from the network.

Bithumb won first-instance rulings in two lawsuits seeking proceeds from users who sold Bitcoin credited during the exchange's $40 billion error, according to court filings. The South Korean exchange had mistakenly credited users with Bitcoin in what became one of the largest operational errors in crypto exchange history. KuCoin Pay expanded digital asset access by connecting with local payment systems including bKash and Nagad in Bangladesh, SPEI-compatible bank transfers in Mexico, and MTN and Airtel mobile money networks in Zambia.

Nvidia shares surged 8% following an earnings beat and guidance to $108 billion in revenue for the next quarter, lifting technology stocks and providing tailwinds to bitcoin-correlated assets. The semiconductor manufacturer's AI chip demand continues to support infrastructure buildout for crypto mining and blockchain computation. Broader crypto-related equity performance benefited from the positive technology sector momentum and sustained inflows into digital asset investment products.