Bitcoin Erases Weekly Gains as ETFs Log First Back-to-Back Outflows Since July
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Bitcoin declined, wiping out all gains recorded in the previous week, as U.S. inflation data failed to trigger any upward momentum in the crypto market. Spot bitcoin ETFs experienced consecutive days of outflows for the first time since late July, marking August's first two-day drawdown. Altcoins also struggled, with most failing to establish a clear price direction amid the broader market weakness. The ETF outflow streak signals a cautious shift in institutional sentiment following a period of relative stability in late July.
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