Crypto Market Declines Amid Waning Risk Appetite and Bitcoin ETF Outflows
The cryptocurrency market declined on August 13 as total market capitalization fell 0.72% to $2.17 trillion.
BTC dropped 0.80% to $63,313, while ETH slid to around $1,872 after touching an intraday high of $1,918.
The primary driver of selling pressure was spot Bitcoin ETFs recording net outflows of $131.13 million.
In contrast, spot Ethereum ETFs saw net inflows of $6.72 million.