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Bitcoin Holds Below $79,000 as Rate Concerns Weigh on Recovery

Bitcoin Holds Below $79,000 as Rate Concerns Weigh on Recovery

Bitcoin faces a key test as traders assess whether buyers can regain momentum after recent weakness.

Written by Rahul Dhingra, Edited by Rohan Pal | Updated: 8 September 2026 14:00 IST

Bitcoin Holds Below $79,000 as Rate Concerns Weigh on Recovery

Photo Credit: Unsplash/Kanchanara

Mixed Trading Reflects Caution Across Major Cryptocurrencies

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Highlights

Bitcoin remains resilient despite softer retail demand signals
$82,800 emerges as the next upside level if momentum returns
Higher oil prices bring inflation concerns back into focus

Bitcoin traded near Rs. 74.1 lakh on Tuesday as the cryptocurrency market remained under pressure, with shifting US rate expectations continuing to influence risk appetite. Ethereum (ETH) was trading near Rs. 2.3 lakh, while major altcoins showed mixed momentum. According to market participants, Bitcoin's recovery faces an important test as Treasury yields and renewed inflation concerns weigh on sentiment, though the market has shown resilience despite softer retail demand. According to CoinGecko data, Bitcoin traded near $78,500 (roughly Rs. 74.3 lakh), and Ethereum was trading near $2,470 (roughly Rs. 2.3 lakh).

The world's largest cryptocurrency fell 1 percent in the last 24 hours, according to the Gadgets 360 price tracker. Middle East tensions and higher oil prices are keeping inflation concerns in focus ahead of the FOMC. Despite softer retail demand signals, Bitcoin has remained relatively resilient.

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Major altcoins traded with mixed momentum on Tuesday

Binance Coin (BNB) was priced around $751.00 (roughly Rs. 71,150), while Solana (SOL) traded near $102.94 (roughly Rs. 9,753). XRP hovered around $1.39 (roughly Rs. 132), while Dogecoin (DOGE) was trading close to $0.0895 (roughly Rs. 8.48).

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Assessing Bitcoin's latest move and the impact of changing rate expectations, the CoinSwitch Markets Desk said, “Bitcoin's latest move highlights how closely the market is responding to shifts in US rate expectations. BTC briefly reclaimed $80,000 (roughly Rs. 75.8 lakh) as Treasury yields eased, but the stronger-than-expected jobs report reversed that move by pushing yields higher and putting pressure back on risk assets.”

Highlighting Bitcoin's resilience amid weaker demand signals and geopolitical concerns, Prateek Gupta, Head of Business, Mudrex, said, “Middle East tensions push oil above $92 a barrel (roughly Rs. 8,700 a barrel) and bring inflation back into focus ahead of the FOMC. CryptoQuant's spot apparent-demand metric and Coinbase Premium Index have both turned negative, pointing to softer retail demand. More importantly, BTC has held firm despite the yen strengthening 3.7 percent in three sessions. A similar move in 2024 preceded a 20 percent Bitcoin selloff, so the current stability suggests stronger underlying demand.”

Despite Middle East tensions, higher oil prices, and softer retail demand indicators, Bitcoin has shown resilience, suggesting stronger underlying demand. Analysts are now watching whether BTC can reclaim and sustain $80,000 (roughly Rs. 75.79 lakh), with $82,800 (roughly Rs. 78.44 lakh) emerging as the next level of interest and $78,400 (roughly Rs. 74.28 lakh) serving as key support.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Bitcoin, Cryptocurrency, Crypto markets, Crypto Prices

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More