Crypto Weekly Digest | Bitcoin Climbs to $65K; US BTC ETFs Draw $865M; Mining Founder Calls 44K Bottom
Bitcoin climbed to about $65,000 during the week, while U.S. spot Bitcoin ETFs recorded $865 million in inflows. A mining founder also described $44,000 as Bitcoin’s likely price bottom, according to the weekly digest.
Moomoo
Publisher
Aug 10, 2026 at 7:37 AM UTC · 5 Min. Lesezeit
Entities
bitcoin
Market Impact
BTC-4.34%$68,244
Last Updated
vor 3 Monaten
Kernpunkte
- Bitcoin rose to roughly $65,000.
- U.S. Bitcoin ETFs drew $865 million in reported inflows.
- A mining founder said $44,000 may represent Bitcoin’s bottom.
Crypto assets edged higher as institutional flows remained supportive.$Bitcoin (BTC.CC)$ gained 2.54% over the past seven days to around $65,266, trading mostly between $63,500 and $66,200. US spot Bitcoin ETFs attracted roughly $$865 million in weekly net inflows, while $Ethereum (ETH.CC)$ rose 1.99% to $1,919.
Ethereum ETFs also extended their inflow streak, suggesting institutional demand remains intact despite relatively subdued market sentiment.
US equities were also stronger in the latest session, with $SPDR S&P 500 ETF (SPY.US)$ up 0.59%, $Invesco QQQ Trust (QQQ.US)$ up 1.17% and $ProShares UltraPro QQQ ETF (TQQQ.US)$ up 3.35%.
Fear and Greed Index stands at 41, indicating neutral sentiment as the market maintains cautious balance.
AI memory stocks remained volatile as investors reassessed the supply outlook. Concerns over higher capital spending by $SK hynix (SKHY.US)$ raised questions over future memory supply, keeping the sector under pressure after earnings.
$Micron Technology (MU.US)$ and $Roundhill Memory ETF (DRAM.US)$ softened, while $SanDisk (SNDK.US)$ , $Western Digital (WDC.US)$ and SK hynix showed signs of stabilization in overnight trading. The key debate has shifted from AI demand itself to whether rising capacity could eventually pressure memory pricing and margins.
Market Context
Bitcoin
BTC
$68,261
-4.31% (24H)
Market Cap
$1.37T
24H Volume
$28.2B
24H High
$71,446
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