Crypto markets pushed higher over the past 24 hours, with bitcoin trading back above $77,500 and XRP leading the major tokens, according to CoinDesk. The outlet reported that every major token was green over the 24-hour period, though only zcash and hyperliquid's HYPE were still holding gains when measured across the full week — a sign that the bounce is recent and that much of the prior week's move had been given back before it.
The move coincided with a shift in interest-rate expectations. CoinDesk noted that market-implied odds of a Federal Reserve rate hike slipped to 62%, easing one of the macro pressures that has weighed on risk assets. Rate expectations have been a dominant driver for crypto in recent weeks: an earlier CoinDesk report described bitcoin holding above $77,100 after a weekly gain of more than 21% while traders waited on Fed Chair Kevin Warsh's Jackson Hole speech for direction on policy. During that same stretch, XRP rose more than 46% on the week and ether, dogecoin, solana and HYPE all posted double-digit advances.
Flows have been part of the story as well. CoinDesk reported that U.S.-listed spot crypto ETFs helped fuel the earlier rally, with bitcoin funds attracting $1.92 billion in a single week — their largest inflow since Oct. 10 — while ether ETFs added $697 million, their strongest weekly total since early October 2025. In derivatives, CoinDesk said outstanding XRP futures positions outside the CME fell by more than 500 million tokens over two weeks, pointing to offshore leverage coming out of the market even as regulated venues held up better.
On the technical side, CoinDesk flagged that bitcoin is approaching a so-called golden cross, a widely watched moving-average crossover that has a mixed track record in crypto markets. The publication's analysis argued that tether's USDT supply trends may be the more meaningful signal accompanying it. Chart patterns of this kind are descriptive rather than predictive, and no indicator guarantees any particular outcome.
On-chain data suggests larger holders were accumulating through the recent volatility. CryptoQuant data cited by Bitcoin.com showed wallets holding 100 or more BTC added roughly 60,000 bitcoin during August, while smaller holders collectively sold about 47,000 BTC over the same period. Bitcoin.com also reported that the broader crypto market added about $500 billion in value during August 2026, with bitcoin spiking near $81,000 at one point and zcash and HYPE among the leading gainers.
Corporate treasury behavior has drawn attention too. CoinDesk reported that Japan-listed Remixpoint booked gains on ether, solana and XRP but sold dogecoin below its fiscal-year opening value as it consolidated its digital-asset holdings into bitcoin, making DOGE its only losing position in that reshuffle.
Taken together, the day's picture is one of a market recovering alongside a softer rate outlook, with concentrated strength in a handful of tokens rather than a uniform advance. Crypto prices remain volatile and can reverse quickly; the figures above reflect reported market conditions at the time of publication and are not a forecast. Readers should consult the original CoinDesk coverage for live prices and further detail.
This is a news summary for general information only — not financial advice, and nothing here is a recommendation to buy, sell, or hold any asset. Always verify against the original source and do your own research before making a financial decision.
Source: CoinDesk · 2026-09-03
