Bitcoin stays near $78,000 as HYPE leads and majors slip

Bitcoin held just above $78,400 during Asian morning hours Tuesday. Bitcoin traded between roughly $77,200 and $79,200 over 24 hours. HYPE gained about 4% to near $84. Ether fell about 1% to just above $2,440. Solana fell about 1% to near $104. XRP held just under $1.40. BNB held near $693. Tron and dogecoin each fell roughly 2% to near 33 cents and 8 cents. Traders are watching Friday's August jobs report. A strong reading is likely to lift yields further and test bitcoin's overnight low near $77,200. Bitcoin gained 24% in August, its strongest month since November 2024. Strategy bought $370 million of bitcoin last week. The purchases were Strategy's first in about two months. Hong Kong's Hang Seng fell about 1% to near 25,300. Tencent and Meituan each fell close to 3%. Japan's Nikkei slipped to 66,185. South Korea's Kospi posted a small gain on a semiconductor rebound. Brent crude rose nearly 1% to about $91 a barrel after U.S. military action near the Strait of Hormuz over the weekend. Major cryptocurrencies slipped amid hawkish Federal Reserve bets.