PANews August 22 news, according to Bloomberg, as Wall Street's buy-and-hold investors flood in, Bitcoin's annualized volatility has dropped from nearly 200% over a decade ago to 38%, comparable to blue-chip stocks like Starbucks or Goldman Sachs. Meanwhile, Ethereum ETF trading volume has matched or even exceeded Bitcoin on some trading days this month. Since August, Ethereum ETFs have attracted $2.5 billion in inflows, while Bitcoin products have seen a net outflow of $1.3 billion.
Arthur Azizov of early-stage investment-focused venture capital firm B2 Ventures expects Ethereum prices to consolidate between $3,900 and $4,400, while Bitwise's European head Bradley Duke stated that Ethereum is entering a risk-off sentiment, with some funds preparing for a pullback, while not ruling out the possibility of a short squeeze. Current market focus is on Federal Reserve Chairman Powell's speech at the Jackson Hole seminar.
