Crypto markets steadied on August 8, 2026, with Bitcoin holding above $64,000 and the broader market extending a modest recovery. The move follows a week in which a soft July employment report reshaped expectations for the Federal Reserve and lifted risk appetite across equities and digital assets.
This update summarises where the market sits and which data points are worth watching, rather than offering a price target. Every figure below is time-sensitive, so confirm the live number before applying it to a trade.
Where prices stand
Bitcoin traded near $64,940 on August 7, up about 0.8% over 24 hours and roughly 2.8% over the week, according to Fortune’s daily price reference. Over the prior session it moved in a range of about $64,100 to $65,300. That leaves Bitcoin roughly 48% below its all-time high near $126,000, set in October 2025, with a market capitalisation of about $1.30 trillion — close to 57% of the entire crypto market.
The total value of all crypto assets reached about $2.21 trillion, a gain of roughly 1.05% on the day. Ethereum firmed alongside Bitcoin, supported by continued fund demand rather than a single catalyst.
The recovery was not without churn beneath the surface. Reported liquidations rose to about $170.98 million, a 19% jump from the prior day. Rising liquidations during a price advance usually signal that leverage is being flushed on both sides as the market repositions, and they are a reminder that a calmer headline price can still sit on top of active derivatives activity.
ETF flows: Bitcoin cools, Ethereum extends
Exchange-traded product flows continued to diverge from the price action. Spot Bitcoin ETFs recorded inflows of about $98.85 million — the smallest daily total of August so far — even as no fund posted a net outflow across the week, according to CoinGabbar’s ETF summary. A slowdown in inflows is not the same as selling, but it does suggest that the marginal institutional bid has become more selective after a strong stretch.
Ethereum funds told a steadier story, logging a fourth straight day of inflows with about $49.60 million added on August 7. A multi-day streak carries more weight than any single session, though flow totals can still be dominated by one product or allocator, so the trend matters more than the daily print.
Flow data is useful context, but it describes only part of global demand. Coins also change hands away from listed products, and assets under management shift with price as well as with net creations. Treat a single day’s number as one input, not a verdict.
The macro backdrop
The immediate driver of the week’s tone was the July jobs report. Hiring came in far below forecasts, and the unemployment rate climbed to 4.3%, a level not seen since October 2021. That weakness pushed markets to reprice the odds of a Federal Reserve move: CNBC reported that the probability of a September rate hike fell sharply after the release.
For crypto, softer labour data cuts two ways. Weaker growth can raise the case for easier policy, which tends to support risk assets. But it can also signal a cooling economy, which can dampen appetite for speculative positions if the slowdown deepens. The relationship is not mechanical — the same data point can lift markets one month and weigh on them the next, depending on positioning.
The next scheduled Federal Reserve policy meeting is September 15-16. Until then, incoming inflation and labour readings will shape how the market prices that decision.
What to watch next
A few concrete markers are worth tracking rather than a fixed forecast:
- whether Bitcoin can hold above the $64,000 area on daily closes, or slips back toward the lower end of its recent range;
- whether Bitcoin ETF inflows re-accelerate or continue to cool while Ethereum’s streak persists;
- whether the liquidation spike settles or signals building leverage; and
- how upcoming U.S. inflation and jobs data reshape expectations for the September Fed meeting.
Bottom line
The market is firmer but not decisively so. Bitcoin is holding a key round number, Ethereum fund demand is steady, and the macro picture has tilted toward a more accommodative Fed narrative after a weak jobs print. None of that guarantees the next move. Confirm each time-sensitive number against a live source, watch the ETF trend rather than a single day, and let the September policy meeting — not a round-number price — anchor the near-term outlook.
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Sources and review
This article was checked against the primary or authoritative sources below .
Frequently asked questions
Bitcoin was trading near $64,900, up roughly 1% over 24 hours and about 2.8% over the past week. It remains about 48% below its October 2025 record near $126,000. Verify the live price before acting on any level, since Bitcoin trades continuously across many venues.
The combined market value of all crypto assets was about $2.21 trillion, up around 1.05% on the day. Bitcoin's own market capitalisation was near $1.30 trillion, roughly 57% of the total.
Yes, but at a slower pace. Reported spot Bitcoin ETF inflows of about $98.85 million were the lowest daily total of August so far, though no fund recorded a net outflow during the week.
The Federal Reserve's next scheduled policy meeting is September 15-16. A weaker-than-expected July jobs report has already shifted rate expectations, so the September decision is the main near-term macro marker for risk assets.
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