Bitcoin News

On August 5, Bitcoin and Ethereum ETFs in the US saw a significant spike in trading activity, reaching nearly $6 billion amid market fluctuations.

After August 5, one of the worst days for both crypto and stock markets, many investors chose to move away from risky assets, which affected Bitcoin ETFs in the US.

Peter Brandt, a seasoned trader, observes that Bitcoin’s recent decline resembles market trends before the 2016 bull run.

Bitcoin has bounced back after a sudden drop on Sunday that left traders reeling, hitting its lowest point in almost six months.

Tezos co-founder Kathleen Breitman has voiced concerns about Bitcoin’s status as a reliable store of value amid the recent cryptocurrency market downturn.

In the wake of a global market downturn affecting various asset classes, JPMorgan has suggested that a “buy-the-dip” opportunity may be approaching.

On August 5, Capula Management, one of Europe’s largest hedge funds, revealed it has invested close to $500 million in Bitcoin exchange-traded funds (ETFs).