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Bitcoin Price Stabilizes Near $65,000 as Whales Accumulate and ETFs Attract Fresh Money

Guavy AI Editorial Team
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Bitcoin's price hovered around $64,970 on August 7, 2026, as investors weighed institutional buying against uncertainty surrounding the U.S. economy.

The cryptocurrency gained about 1.09% during the session but remained cautious due to the latest U.S. jobs data and its potential impact on Federal Reserve policy.

Large Bitcoin holders have been accumulating $1.2 billion worth of BTC, providing an important source of support, while U.S. spot Bitcoin ETFs attracted around $754 million in weekly inflows, indicating continued institutional demand.

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