Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflow
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.
Ether, solana, tron and dogecoin all shed ground over 24 hours while HYPE added about 4%, leaving bitcoin flat on the week after August’s 24% run.
Bitcoin rebounds from Friday’s low as Strategy’s valuation expands and bitcoin dominance climbs above 60%.
Six decade-old wallets moved $40 million this month, but Galaxy’s data shows dormant coin activity at its lowest since 2022 and 2026 on pace for under half of last year’s total.
Analysts say consolidation could strengthen bitcoin’s rally, while thin trading above $80,000 may set up sharper price moves.
The ETH/BTC ratio has recently formed a bullish golden cross, suggesting ether could extend its outperformance against bitcoin.