Bitcoin Climbs Back Above $79,000 as ETF Inflows and Strategy Purchase Fuel Recovery

Bitcoin reclaimed the $79,000 level on Monday as fresh capital flowed into spot exchange-traded funds and corporate buyer Strategy disclosed its first major purchase in roughly two months. The recovery puts the largest cryptocurrency back within reach of a technical breakout that some analysts say could open a path toward $90,000.

The broader digital asset market followed the move higher, with total market capitalization rising 1.1% to $2.65 trillion. Bitcoin traded at $79,079 as of 08:39 Istanbul time, up 1.56% over the prior 24 hours. Ethereum advanced 2.01% to $2,478, XRP climbed 2.01% to $1.38, and Solana added 1.68% to $104.10.

Fresh institutional demand underpinned the session's positive tone. Spot Bitcoin ETFs recorded $216.70 million in net inflows on August 31, according to market data, while spot Ethereum ETFs pulled in $87.68 million the same day. Flows into altcoin products were more modest: XRP ETFs took in $5.64 million, Solana ETFs attracted $925,910, and HBAR ETFs added $399,140. Several other altcoin-linked funds, including those tied to DOGE, HYPE, BNB, LINK, LTC, AVAX, and DOT, saw no activity.

Strategy, the corporate treasury that has become synonymous with Bitcoin accumulation, announced it purchased 4,603 BTC between August 24 and August 30. The company spent approximately $369.7 million at an average price of $80,318 per coin. The acquisition lifts Strategy's total holdings to 845,050 BTC and marks its first purchase since June. Traders widely view such corporate buying as a signal of sustained institutional conviction in the asset class.