Bitcoin tracks equity bounce, but $390 million ETF outflow week keeps bulls on back foot
The price of bitcoin tracked a bounce in equities, but a $390 million ETF outflow streak and 10% odds on landmark crypto legislation leave markets searching for direction.
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Summary
- U.S. spot bitcoin ETFs recorded four days of outflows last week, shedding a net $390 million, their largest weekly withdrawal in six weeks. Solana ETFs bucked the trend with their strongest weekly inflows since May.
- Galaxy Digital’s head of research, Alex Thorn, cut his odds on the Clarity Act becoming law in 2026 to roughly 10%, down from 75% in May.
- Bitcoin has rising 0.77% since midnight UTC, while Nasdaq 100 index futures have gained 0.5% to their highest level since July 2.
- CoinMarketCap’s Fear and Greed index sits at 38/100, a “fear” reading, and the Altcoin Season Index is at 46, showing altcoin strength recovering from the Aug. 7 low of 36.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
