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Crypto

Bitcoin Slumps to $63,800 as Spot ETF Inflows End and Market Dominance Holds

Guavy AI Editorial Team
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The cryptocurrency market has seen a significant decline in recent days, with Bitcoin trading near $63,800 and a total market capitalization of $2.28 trillion.

The Crypto Fear & Greed Index reading stands at 27, indicating that investors are currently fearful, rather than greedy.

However, the previous week saw a cumulative inflow of about $1 billion into spot Bitcoin ETFs, which ended with a net outflow of $225 million on July 24.

Among these ETFs, BlackRock's IBIT recorded a net outflow of $203 million, while Ethereum ETFs saw a net inflow of $26.3 million on the same day.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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