Bitcoin has reclaimed the $77,500 mark, while Ripple has emerged as the strongest performer among major digital assets, according to Woofun AI's latest market tracking. Trading just above $77,600, the leading cryptocurrency is up roughly 1.5% over the past 24 hours, recovering from an intraday low of $76,400 touched during evening trading in New York.
Ripple advanced to $1.36, posting a gain of nearly 3%. BNB climbed about 2% to trade near $692, while Solana added 2% to hover around $100. TRON rose approximately 1% to about 33 cents, and Hyperliquid's HYPE was essentially flat at just over $82. In contrast, Ethereum slipped to just under $2,400, recording a decline of almost 4% over the past seven days. TRON fell about 3%, Ripple dropped roughly 3%, and Bitcoin shed around 1% over the same weekly period. Litecoin was trading at $817, and HYPE was the only major token to post a weekly gain.
Analysts at Bitfinex noted that the average cost basis per active investor stands at $76,350, a level that has attracted buying support within roughly $50 of Bitcoin's current price, absorbing sell orders originating from February and March purchases. September has historically been a challenging month for Bitcoin, with an average decline of -2.95% since 2013, yet the momentum carried over from August's rally has kept long-term bullish expectations unchanged.
Traditional markets are showing notable correlation with crypto movements. Military activity near the Strait of Hormuz has driven crude oil prices sharply higher, while the yield on 10-year U.S. Treasuries rose to just above 4.8%, marking the highest closing level since 2023. The U.S. dollar index (DXY) moved up to just below 100 points. The S&P 500 closed at 7,646, the Dow Jones Industrial Average advanced roughly 277 points, and gold remained steady around $4,418.
On-chain data tracked by Woofun AI indicates that entities flagged for monitoring have deposited approximately 3,700 Bitcoin to exchanges, while spot ETF holdings contracted by around $236 million. Stablecoin supply stands at roughly $310 billion.
Nicolai Sondergaard, senior research analyst at Nansen, suggested that the current rebound lacks sustained spot trading support. Friday's non-farm payrolls report is expected to set the tone for September's market direction. Downside protection appears concentrated between $68,000 and $75,000, a range that extends through the next CPI release scheduled for 8:30 AM Eastern on September 11, 2026. Upside risks are reflected in call options above current price levels and perpetual contracts with leverage significantly below August's peak. Should Wednesday's ADP employment data come in weak, the likelihood of further Federal Reserve tightening would diminish, potentially bringing the $80,000 price level back into focus as a viable target.