Bitcoin at $78,786 remains range-bound, while BTC and gold ETFs attracted $7 billion over five days.
Bitcoin traded around $78,786 on August 27. In the week ending August 21, gold- and Bitcoin-related funds attracted more than $7 billion in combined five-day inflows—the highest total ever recorded for any five-day period, according to Bloomberg senior ETF analyst Eric Balchunas, who described the phenomenon as the “debasement trade,” or a bet on assets that governments cannot dilute by printing money. Five-Day Combined Inflows of Bitcoin and Gold ETFs Hit a Record $7 Billion According to Balchu
Bisc·08-27 01:00

