- Bitcoin holds near $78,736, up 13% weekly, as CryptoQuant flags bull signals.
- Nvidia posts $96.2B in Q2 revenue, more than doubling year-over-year growth.
- MSCI weighs new rules that could remove Strategy from global equity indexes.
Bitcoin traded near $78,736, roughly flat over the past 24 hours but still up 13.0% for the week. Ethereum climbed 1.6% on the day to $2,495, up 10.1% weekly. XRP dropped 2.6% to $1.41, up 26.4% for the week, while Solana rose 4.3% to $101.18, up 18.6% weekly. BNB added 1.2% to $702.81. Total crypto market capitalization stood at $2.75 trillion, roughly flat over the past day.
Trending Searches Show Continued Small-Cap Momentum
Cash Cat led trending searches, up 17.7%, followed by Pons, up 13.5%, and Hyperliquid, down 0.4%. Among top gainers, PolySwarm’s NCT token surged 248.4% after listing on Upbit’s KRW market, while Bitlayer added 43.3%.
CryptoQuant Flags Early Bull Market Signals
CryptoQuant Research said Bitcoin’s rise of 24% since August 17 to $80,000 marks a genuine shift in market state, with its internal bull market score surging from 30 to 80 within a week, the most bullish reading since October 2025, as 8 of 10 tracked indicators turned positive.
Spot demand is growing at its fastest pace since late December, with spot and futures demand expanding simultaneously for the first time since early October 2025. The report cautioned that official confirmation of a new bull phase requires price to hold above the 365-day moving average near $83,000.
Separately, the Crypto Fear and Greed Index soared from 27 on August 12 to 74 by Tuesday before easing to 65, a level last seen just five days before the October 10, 2025 crash that liquidated roughly $19 billion in leveraged positions.
Nvidia Crushes Estimates
Nvidia reported fiscal Q2 revenue of $96.2 billion, more than double the year-ago period, with net profit up 126% to $59.7 billion, comfortably beating Wall Street’s roughly $92.1 billion revenue estimate.
CFO Colette Kress said the company remains supply-constrained and that revenue could double next year absent those limits, guiding next quarter’s revenue to approximately $108 billion, above the Street’s $104 billion consensus.
MSCI Index Review Threatens Bitcoin Treasury Companies
Bloomberg reported that MSCI is considering new rules that could strip companies primarily engaged in asset accumulation, rather than operating businesses, from its global equity indexes. Based on May data, Strategy, Metaplanet, and Yellow Cake would be removed under the proposed methodology. Strategy has financed more than $60 billion in Bitcoin purchases through securities issuance, and potential removal could shrink its investor base and complicate future financing for additional purchases.
Related: BOJ September Rate Hike: What Happens to BTC, ETH and XRP if the Yen Strengthens?
Institutional ETF Buying Extends Its Streak
Bitcoin spot ETFs recorded a seventh consecutive day of net inflows, taking in $314 million, led by BlackRock’s IBIT at $284 million, pushing its cumulative total past $62.9 billion. Ethereum spot ETFs also logged a seventh straight inflow day at $180 million, with ETHA contributing $146 million.
Gold and Bitcoin ETFs combined attracted over $7 billion in inflows over five trading days, a record for that window, as Bloomberg’s Eric Balchunas said both funds re-entered the top 10 by weekly inflows, a signal he tied to renewed “debasement trade” positioning amid concerns over the $40 trillion US debt load.
Security and Governance Developments
Core Lightning urged node operators to take systems offline ahead of an unreleased patch for a serious vulnerability, with details being withheld for two weeks. Blockstream submitted a Bitcoin Improvement Proposal for a post-quantum signature scheme called SHRINCS, while StarkWare announced it executed the first quantum-resistant Bitcoin transaction. Six Bitcoin wallets dormant since 2011-2014 moved a combined 553.59 BTC worth roughly $40.15 million over a two-week span.
Corporate and Regulatory Developments
Meta agreed to pay $16.7 billion over ten years to settle allegations that its platforms harmed minors, including $12.7 billion to US states. The SEC submitted a new crypto custody rule proposal to the White House aimed at clarifying how investment advisers can hold digital assets for clients. JPMorgan, Bank of America, Wells Fargo, and Santander are reportedly advancing a global stablecoin alliance.
Related: Bitcoin Price Stalls Below $80K as Profitable Holders Keep Selling
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