Bitcoin (BTC) is slipping below the lower consolidation band at $116,000, after consolidating for more than ten days. A decisive close below this level would indicate further decline ahead. US-listed spot Bitcoin Exchange Traded Funds (ETFs) also supported this bearish thesis, recording a mild weekly outflow of $58.64 million until Thursday. Adding to the bearish outlook, technical indicators also signal a weakening in momentum, which raises the risk of a short-term correction.
Maple Finance’s token (SYRUP) appreciates over 30% at press time on Friday, defying the broader market pullback amid the release of the firm’s second quarter (Q2) report and the listing of SYRUP token on Korea’s largest cryptocurrency exchange, Upbit.
BlackRock’s U.S.-listed Ethereum ETF has officially joined the ranks of the fastest-growing funds in history. According to Bloomberg’s Eric Balchunas, the iShares Ethereum Trust (ETHA) now holds over $10 billion in assets, reaching that milestone in just 251 days. Only BlackRock’s own IBIT and Fidelity’s FBTC spot Bitcoin ETFs got there faster.