Bitcoin traded near USD 77,711 on September 2, adding about 0.4% while still staying below the USD 80,000 line.
The move is less about euphoria and more about portfolio insurance. Bond-market tension, oil risk and renewed Middle East stress pushed investors to compare bitcoin with other alternative assets.
For traders the practical line is USD 80,000: a clear break would change momentum, while failure keeps the market in a cautious range.