- Bitcoin trades at $64,845 USD ($90,847 CAD) on August 10, 2026, down just 0.10% in 24 hours, signalling tight consolidation near key technical resistance.
- Post-halving supply constraints — just 450 new BTC minted daily — continue to underpin the medium-term bull thesis, with cycle-peak timing still potentially ahead.
- Canadian investors can access Bitcoin tax-efficiently inside a TFSA or RRSP through TSX-listed ETFs: Purpose Bitcoin ETF (BTCC) and Evolve Bitcoin ETF (EBIT).
- Watch $66,000 USD as the key resistance level; a close above it could trigger fresh ETF inflows, while $62,000 USD remains the critical near-term support floor.
Bitcoin (BTC) is trading at $64,845.00 USD — equivalent to approximately $90,847 CAD at the prevailing USD/CAD rate of 1.4010 — as of August 10, 2026, down a negligible 0.10% over the past 24 hours. The price action is broadly consolidative, with BTC holding within a narrow intraday range that technical analysts are watching closely for a directional break. For Canadian investors who hold Bitcoin inside a TFSA or RRSP through domestic ETF wrappers, the CAD-denominated price is the number that truly matters.
Post-Halving Supply Math Still Supportive
Bitcoin’s April 2024 halving reduced the block reward from 6.25 BTC to 3.125 BTC, cutting daily new supply to roughly 450 coins per day — worth approximately $29.2 million USD at current prices. More than two years on from that event, the cumulative effect of constrained issuance continues to underpin the medium-term bull case. Historically, Bitcoin has reached its cycle peak roughly 12–18 months after each halving; by that clock, the window for a significant upside move extends into late 2025 and early 2026, meaning the current consolidation near $64,845 could be interpreted as a base-building phase rather than a trend reversal.
ETF Flows and Institutional Positioning
U.S. spot Bitcoin ETFs, approved in January 2024, have accumulated hundreds of thousands of BTC and remain a critical demand driver. Net inflow days outnumber outflow days by a wide margin on a trailing 30-day basis, signalling that institutional allocators are still adding exposure on dips. In Canada, the Purpose Bitcoin ETF (BTCC) and the Evolve Bitcoin ETF (EBIT) — both listed on the TSX — provide registered-account-eligible access to BTC without the complexity of self-custody. BTCC, the world’s first spot Bitcoin ETF when it launched in February 2021, and EBIT together represent a convenient, regulated on-ramp for Canadians who want Bitcoin exposure shielded from annual capital-gains reporting inside a TFSA or RRSP.
Macro Correlation: What’s Driving the Pause
Bitcoin’s tight 24-hour range mirrors muted moves across risk assets broadly. Ethereum slipped 0.57% to $1,905.44 USD, XRP fell 0.82% to $1.03 USD, and BNB edged down 0.27% to $602.23 USD — suggesting the cautious tone is crypto-wide rather than Bitcoin-specific. The USD/CAD rate of 1.4010 reflects a relatively firm U.S. dollar, which historically creates a mild headwind for commodity and risk assets priced in USD. Canadian investors should note that a weaker loonie provides a natural CAD-denominated cushion: even flat USD price action translates into a higher CAD price if the dollar continues to strengthen.
Key Technical Levels to Watch
Bitcoin’s immediate resistance sits near the $66,000 USD ($92,479 CAD) zone, a level that capped rallies on multiple occasions over the prior three months. A clean daily close above that threshold on elevated volume would likely attract momentum buyers and trigger fresh inflows into BTCC and EBIT. On the downside, the $62,000 USD ($86,862 CAD) level represents a widely-cited demand zone where long-term holders have historically added. Canadian retail investors holding through ETF wrappers should focus on these levels as decision points for rebalancing registered-account allocations, rather than reacting to daily noise.
| Asset | Price (USD) | Price (CAD) | 24h Change |
|---|---|---|---|
| Bitcoin (BTC) | $64,845.00 | $90,847 | -0.10% |
| Ethereum (ETH) | $1,905.44 | $2,669 | -0.57% |
| Solana (SOL) | $76.58 | $107 | +0.37% |
| XRP | $1.03 | $1.44 | -0.82% |
USD/CAD rate used: 1.4010 as of August 10, 2026. CAD figures are approximate conversions for reference only. This article does not constitute investment advice. Bitcoin and cryptocurrency investments carry significant risk.
