Crypto news report · source clearly identified
Bitcoin Holds Near $78,000 as Dollar Gains Push Yen Past 160
Bitcoin stays just under $78,000 at the end of August, while a stronger dollar lifts the yen beyond its 160 per dollar threshold.
Bitcoin is trading just under $78,000 as the month of August comes to a close. The same dollar strength that pushed the Japanese yen past the 160 per dollar mark is also limiting further gains in the cryptocurrency market.
Dollar Strength Drives Currency Moves
The U.S. dollar has risen on expectations of further interest‑rate hikes, lifting the yen beyond the intervention line of 160 per dollar. This broader currency trend is influencing crypto prices, keeping Bitcoin near its current level.
Bitcoin’s Price Stability
Despite the bullish dollar, Bitcoin remains stable just below the $78,000 threshold, showing resilience amid macroeconomic pressures.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- August 31, 2026, 8:18 AM
- Original headline
- Live updates: Bitcoin holds $78,000 as yen breaks 160 and rate-hike bets lift the dollar