Bitcoin Reclaims $78,800 as Ether and Solana Lead Monday Rally; Stablecoin Split Points to Selective Positioning

Bitcoin closed Monday at $78,865, up 1.5% on the day, as Ether reclaimed $2,470 and Solana extended its weekly gain to 9.2%. The move retraced part of last week's chop and came alongside a mixed stablecoin picture, with USDT supply expanding while USDC contracted, a split that appears consistent with selective repositioning rather than a broad risk-on rotation.

Market Overview

Crypto majors closed higher Monday, with Bitcoin finishing at $78,865, up +1.5% ↑ on the day but still down 0.6% on the week. Ether led the large-caps with a +2.2% ↑ session close at $2,470.94, while Solana added +1.7% ↑ to $103.52 and XRP advanced +2.0% ↑ to $1.39. The tape suggests a coordinated bid across majors rather than a single-asset squeeze.

Asset Price Analysis

Bitcoin spent Monday reclaiming the $78,000 handle after last week's pullback, closing at $78,865. On a 30-day basis, BTC is still up +13.7% ↑, holding the bulk of August's advance. Resistance sits at the $80,000 round number; support has held near the $77,500 area on recent intraday tests.

Ether's +2.2% ↑ close at $2,470.94 pared some of the week's earlier weakness, though ETH remains down -3.7% ↓ over seven days — the softest weekly performance among the majors. The 30-day gain of +3.7% ↑ trails BTC and SOL, a relative-strength gap consistent with the flow rotation seen in the most recent settled session.

Solana was the standout on the weekly frame, up +9.2% ↑ over seven days and +15.6% ↑ over 30. XRP added +1.7% ↑ on the week to close at $1.39. Both altcoin majors outperformed BTC on the weekly tape, a pattern historically associated with higher risk appetite rather than defensive rotation.

ETF Flows — Prior Settled Session

Issuer flow data for Monday's session has not yet settled. The most recent complete tape is Friday, August 28, when spot crypto ETFs absorbed +$264.7M ↑ in net inflows, according to InflowScan data. Ether products drove the entire figure.

ETHA (BlackRock): +$86.3M ↑
FETH (Fidelity): +$56.2M ↑
ETHB (BlackRock): +$43.9M ↑
IBIT (BlackRock): -$34.5M ↓
HODL (VanEck): -$13.6M ↓

BlackRock's two Ether products combined for over $130M in inflows on Friday, while its flagship Bitcoin fund logged a modest outflow — a divergence InflowScan data shows is the sharpest single-issuer BTC-versus-ETH split in three weeks. That prior-session bid into ETH products provides context for Monday's price outperformance, though Monday's own flow tape will not be confirmed until tomorrow's settled reporting. Solana ETF coverage on Friday was partial at 7 of 11 funds; XRP coverage was 2 of 9, with remaining issuers still settling.

Stablecoin Flows

The stablecoin tape split on Monday. USDT supply expanded by +$115.9M ↑ to $183.5B, while USDC contracted by -$257.3M ↓ to $73.9B, according to InflowScan data. The pattern — USDT growth alongside USDC redemption — appears consistent with rotation between venues rather than a uniform build in sidelined capital. Net stablecoin supply across the two majors was slightly negative on the day.

Outlook

Tuesday's watch-list centers on whether the Ether bid seen in Friday's settled ETF tape carried into Monday's session. That figure prints in tomorrow's Pre-Market. On price, the $80,000 handle remains the near-term resistance line for Bitcoin; a clean close above would extend the 30-day trend, while a rejection would keep BTC rangebound between $77,500 and $80,000. For Ether, holding the $2,470 handle into Tuesday's open would be consistent with continuation; a fade back below $2,400 would signal Monday's move was a technical bounce rather than the start of a broader catch-up trade. Stablecoin flows warrant monitoring — a second consecutive day of USDC contraction alongside USDT growth would sharpen the rotation read.