Bitcoin Stays Near $78,000 as Yen Falls Past 160

Bitcoin was holding just below $78,000 as August came to an end, according to CoinDesk. The cryptocurrency’s move is being capped by a stronger U.S. dollar, with the same currency strength pushing the Japanese yen beyond the 160 level described as its intervention line. Rising expectations for a rate hike are supporting the dollar and adding to the pressure on the yen. The developments place Bitcoin near $78,000 while broader foreign-exchange movements remain the key market factor highlighted in the report. CoinDesk linked the dollar’s advance to both the yen’s decline and the limit on Bitcoin’s performance. The update was published on August 31, 2026.