Why Is The Crypto Market Up Today?

What Happened

The products logged zero outflow days in August, a turn from July 31’s red print, with about $853 million added in the week to August 7.

As a result, the bid held Bitcoin above $65,000 and lifted TOTAL over $2.20 trillion. If the streak holds, buyers stay in control; if it stalls, support fades.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Market Context

The crypto market edged higher on Monday, with TOTAL, the total market cap, near $2.20 trillion, up about 0.72% since Sunday’s close.

Bitcoin held near $65,200 as ETF inflows kept a bid under prices ahead of Wednesday’s US inflation print.

1. Bitcoin ETF Inflows Keep the Crypto Market Green

Institutional demand is doing the heavy lifting. With Bitcoin dominance above 57%, spot Bitcoin ETF flows set the market’s tone, and they have stayed positive.

The Engine: BTC dominance above 57% makes ETF flows the main bid

A hot core reopens the Fed hike debate before September. On the chart, TOTAL just cleared the $2.20 trillion wall that capped it since August 5. Holding it keeps $2.26 trillion in view, while a break exposes $2.16 trillion and $2.12 trillion.

Pump.fun (PUMP) is the standout gainer, up about 16% at $0.0028 and extending its monthly advance toward 100% as ETF-driven risk appetite lifted momentum names. On August 9, it broke a flag and pole pattern on its strongest volume since July 27, with the pole projecting about 125%.

The breakout cleared the 0.618 Fibonacci level, a common support marker, at $0.0027, but stalled near $0.0028. Buy volume must hold to clear $0.0028, then $0.0030 and $0.0035. The setup weakens only if PUMP loses $0.0022.

The Breakout: Flag and pole cleared August 9 on strong volume

The post Why Is The Crypto Market Up Today? appeared first on BeInCrypto.

Why It Matters

The ETF bid faces a test Wednesday, when July CPI decides if the $2.20 trillion reclaim sticks. Consensus sits near 3.4% headline and 0.2% core. The risk skews hot, since June core printed a soft 0.0%, a low base hard to repeat.

Details

Current Streak: Zero outflow days in August, last red July 31

Previous Week: About $853 million added in the week to August 7

2. A Soft CPI Read Is What the Bid Must Survive

The Gate: Wednesday’s CPI tests whether the ETF bid holds

The Skew: June’s 0.0% core sets a soft base for a hot read

Critical Line: TOTAL must defend $2.20 trillion for $2.26 trillion

Coin Spotlight: Pump.fun (PUMP)

The $0.0028 ceiling separates a run at $0.003 from more consolidation.

Current Ceiling: The 0.786 fib near $0.0028 blocks a push to $0.0030

Invalidation: A drop under $0.0022 breaks the bullish setup