Bitcoin Pulls Back as Arbitrum Token Soars on Robinhood Chain Revenue

Bitcoin's price has stabilized near $78,000 after last week's surge, which pushed prices to nearly $81,400. The modest pullback of 0.4% since midnight UTC and roughly 0.7% over the past seven days comes as attention shifts toward the altcoin market.

Arbitrum's token has jumped nearly 30% in 24 hours due to surging revenue from Robinhood Chain, which operates as a dedicated Arbitrum deployment and channels 10% of its net protocol revenue back into the Arbitrum ecosystem.

The spot bitcoin ETFs have experienced net inflows for nine consecutive days, accumulating approximately $3.04 billion through August 27, the longest streak since April, according to SoSoValue data.