#BTCUnbound 🏡 🚗 This week: Goldman Sachs Q2 Earnings Report - Is it the right time to buy now? Ask Wa
Alternative cryptocurrencies are igniting and stealing the spotlight from Bitcoin and Ethereum
- The cryptocurrency market started the week quietly, with Bitcoin and Ethereum (ETH) stabilizing after a volatile sell-off on Friday and Saturday, resulting from the worst outflows from spot ETFs in months.
Bitcoin ETFs experienced outflows nearing a billion dollars on Thursday and Friday, causing the currency to drop to around $114,000 before recording a slight recovery. As for Ethereum, it recorded $152 million in outflows on Friday, ending a nearly month-long streak of daily inflows, putting pressure on its upward trajectory.
This decline coincided with U.S. President Donald Trump's imposition of new tariffs on Asia and Europe, leading to a decline in sentiment in global markets and affecting high-risk assets.