Bitcoin traded just above $77,600 in Asian morning hours Thursday, up roughly 1.5% over 24 hours, after touching a 24-hour low of $76,400 in late U.S. hours.

XRP led the majors at $1.36, up almost 3%. BNB added almost 2% to just under $692 and solana 2% to hold the $100 line, while tron rose about 1% to roughly 33 cents and hyperliquid's HYPE was flat just above $82. Ether lagged the board at just under $2,400.

Over seven days ether is down almost 4%, tron about 3%, XRP roughly 3% and bitcoin about 1%, leaving zcash at $817 and HYPE as the only majors holding weekly gains.

Bitfinex analysts said in an email that the average cost basis of every active investor on the network was pegged at $76,350, and bitcoin came within $50 of it before buyers stepped in. The level has absorbed sellers who bought in February and March all week, exiting at breakeven rather than at a loss.

The firm warned of a pullback in the coming weeks, citing seasonality. “September has historically been a bearish month for BTC, with an average return of -2.95 percent since 2013,” the analysts said. “With August’s momentum carrying into the month, we expect that any intra-month correction leaves the odds in favour of continuation higher on the higher timeframes”

Bitcoin held that ground against a bond market moving hard the other way.