Bitcoin Consolidates Around $64K Amid $191M in Liquidations

Bitcoin continued its range-bound behavior on Wednesday, August 5, trading at approximately $64,100. The cryptocurrency has remained consolidated between $61,800 and $67,000 since early July.

Ethereum holds steady near $1,870, while the total cryptocurrency market capitalization currently stands at $2.19 trillion, marking a modest 0.38% intraday increase.

Market sentiment remains cautious, with the Crypto Fear and Greed Index registering at 38. This tight trading range has driven notable volatility in derivative markets, resulting in $191.27 million in total liquidations over the past 24 hours.