SShortSingh.
Back to feed

Bitcoin dips to $79,000 after 23% weekly surge as ETF inflows top $3 billion

0
·34 views

Bitcoin's price pulled back to $79,000 on Wednesday following a strong seven-day rally of approximately 23%. The decline marks a pause in momentum after a significant short-term price run-up. Despite the price dip, demand for Bitcoin exchange-traded funds remained steady, with August inflows surpassing $3 billion. The sustained ETF interest suggests continued institutional appetite for Bitcoin exposure even as spot prices cooled.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Brooklyn prosecutors and FBI dismantle crypto fraud ring targeting Russian speakers

Brooklyn prosecutors and the FBI have taken down a large cryptocurrency fraud network that focused on Russian-speaking victims. According to the allegations, the operation drew people in through Russian-language Facebook advertisements and posed as financial advisers. The scheme is said to have stolen tens of millions of dollars from its targets. Victims were then approached a second time with false offers to recover their lost funds.

Bitcoin dips to $79,000 after 23% weekly surge as ETF inflows top $3 billion · ShortSingh