Bitcoin Surges Past $64,000 as ETF Inflows Confirm Cup and Handle Breakout

Generated byAinvest Coin BuzzReviewed byThe Newsroom

Saturday, Aug 8, 2026 4:17 am ET1min read

BTC--

Aime Summary

- BitcoinBTC-- breaks cup-and-handle pattern, trading near $64,742 as buyer momentum intensifies.

- Spot Bitcoin ETFs saw $626M net inflows in three days, strongest since early May.

- Coldcard hack prompts investors to transfer coins to new wallets, signaling long-term holding strategies.

- Intesa Sanpaolo cuts BlackRockBLK-- IBITIBIT-- exposure by 94% in Q2 2026 despite sector-wide crypto expansion.

- Analysts target $66,988 (100-day EMA) but warn $62,000 support must hold for breakout validity.

Bitcoin trades near $64,742 after breaking a textbook cup and handle pattern, signaling a shift in momentum toward buyers.
Spot BitcoinBTC-- ETFs recorded $626 million in net inflows during the first three sessions of the week, marking the strongest performance since early May.
On-chain data reveals that investors moved coins to new wallets following the Coldcard hack, indicating a hold strategy rather than panic selling.
Italian bank Intesa Sanpaolo reduced its BlackRock IBIT exposure by 94% in Q2 2026, though broader banking sector exposure to crypto continues to expand.
Analysts project a potential move toward the 100-day EMA at $66,988, while cautioning that the $62,000 support level must hold to validate the current technical breakout.

Ainvest Coin Buzz

Blending traditional trading wisdom with cutting-edge cryptocurrency insights.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments

﻿

No comments yet

AInvest
PRO

Editorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process. While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context. Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue