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There were high amounts of stablecoin inflows to Spot Exchanges.
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$BTC
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Cryptocurrency market overview | August 6 🟢 Market cap: $1.94 trillion (+5.28%) 🔴 BTC dominance: 55.66% (-0.64%) ⚡️ Fear and Greed Index: 17 (extreme fear) #Btc $BTC
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📊 On August 5, spot Ethereum ETFs recorded $48.8 million inflows. •Grayscale spot Ethereum ETF (ETHE) experienced $46.8 million outflows. •Blackrock spot Ethereum ETF (ETHA) experienced $47 million inflows. •Fidelity spot Ethereum ETF (FETH) saw $16 million inflows. •Bitwise spot Ethereum ETF (ETHW) experienced $7 million inflows. #ETHETFsApproved $ETH
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📊 On August 5, spot Bitcoin ETFs recorded $168 million in outflows. •Grayscale spot Bitcoin ETF (GBTC) saw $69 million in outflows. •Fidelity spot Bitcoin ETF (FBTC) saw $58 million in outflows. •ARK Invest spot Bitcoin ETF (ARKB) saw $69 million in outflows. #Btc $BTC
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Market movement Bulls urgently need to retake the $60,000 fortress. •Bitcoin Dom saw a peak level of 57.32. I expect Dominance to fall from this level and the market to rise with altcoins. •Total Market is at the weekly support of $1.941 T, closing the week above $2.01 T will move the market upwards. #Btc $BTC
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