Source: CoinDesk
“Bitcoin experienced a decline, falling below $59,000 with a weekly loss of over 3.5%, amidst signs of reduced demand and net outflows from major ETFs, such as BlackRock’s IBIT. However, data shows an uptick in U.S. retail investor interest, evidenced by a higher bitcoin price premium on Coinbase and increased inflows from international exchanges to Coinbase. Traders anticipate increased volatility post-Labor Day, influenced by upcoming economic reports and political developments.” (08/30/24)