Crypto
Crypto Market Reaches $2.66T as Bitcoin Holds Above $79,000
The total crypto market capitalization has reached approximately $2.66 trillion, marking a 0.37% increase.
This growth is driven by strong ETF inflows and extreme greed sentiment as Bitcoin stays above $79,000.
Institutional flows continue to provide a significant signal regarding market sentiment. According to data from FarSide Investors, U.S. spot Bitcoin ETFs recorded $232.2 million in net inflows on August 26.
The only notable outflow came from Grayscale's GBTC, which saw $50.4 million withdrawn. This was partially offset by a $46.8 million inflow into Grayscale's other Bitcoin product.