Bitcoin, Ethereum, and different main cryptocurrencies fell over the weekend and into Monday as traders reacted to Trump-Putin talks in Alaska.
Crypto markets prolonged their weekend decline into Monday, Aug. 18, as traders reacted to uncertainty following a gathering between President Donald Trump and Russian President Vladimir Putin in Alaska on Friday.
Bitcoin (BTC) is at present buying and selling at $116,500, down 1.2% on the day. In the meantime, Ethereum (ETH) is at present buying and selling at $4,368, down 3.6% over the previous day, after flirting with its all-time excessive of $4,878 final week.
XRP dropped practically 2% over the previous 24 hours to commerce at $3.06. Solana (SOL) dipped a steeper 5.6%, and is at present buying and selling at $184.
The whole cryptocurrency market capitalization dropped 2.4% over the previous 24 hours to $3.99 trillion, in keeping with CoinGecko. Bitcoin dominance is at present at 57.8% whereas Ethereum dominance stands at 13.1%.
Previously 24 hours, round $584 million in crypto positions had been liquidated, together with $503 million in lengthy positions and $81 million briefly positions, in keeping with CoinGlass. ETH led with over $240 million in liquidations, adopted by BTC at $132 million.
ETFs and ETPs
Spot Bitcoin exchange-traded funds (ETFs) recorded $14 million in internet outflows on Aug. 15, breaking a consecutive seven-day streak of internet inflows and bringing cumulative complete internet inflows to $54.97 billion.
In the meantime, ETH ETFs skilled $59 million in internet outflows on Friday, disrupting a straight eight-day streak of internet inflows and bringing complete internet inflows to $12.67 billion.
CoinShares’ weekly fund flows report famous that digital asset funding merchandise recorded $3.75 billion in inflows final week, marking the fourth-largest weekly influx on report and pushing complete belongings beneath administration (AuM) to an all-time excessive of $244 billion.
Ethereum led the surge, attracting $2.87 billion – 77% of the whole inflows – bringing year-to-date inflows to a report $11 billion, far surpassing Bitcoin on a proportional foundation.
Different notable inflows included Solana with $176.5 million and XRP with $125.9 million. In distinction, Litecoin and Ton skilled outflows of $400,000 and $1 million, respectively.
Trump’s Talks
On Friday, President Trump and Russian President Putin held a virtually three-hour summit in Alaska to debate a ceasefire in Ukraine. Nonetheless, no settlement was reached, highlighting variations over the struggle.
Specialists say this uncertainty spilled over into markets over the weekend and Monday, whereas observers be aware the summit raises questions on potential sanctions or future negotiations.
Including to the uncertainty is Trump’s upcoming assembly with Ukrainian President Volodymyr Zelenskyy at this time. At roughly 3 p.m. ET, Trump is scheduled to take part in a multilateral assembly with European leaders within the White Home.
