The cryptocurrency market pulled back slightly on Friday, Aug. 15, seemingly reflecting concerns that the recent higher-than-expected inflation data<\/a> might delay an expected Fed rate cut next month. On the geopolitical front, traders are awaiting the outcome of a meeting between President Trump and President Putin in Alaska today to discuss a possible ceasefire in the Russia-Ukraine war. <\/p>\n Total crypto capitalization fell about 1.3% to roughly $4.02 trillion, with Bitcoin (BTC<\/a>) flat today, trading at $117,260. Ethereum (ETH<\/a>) dropped 2.5% to trade around $4,400, bringing its weekly gains to 11%. Between Aug. 13 and Aug. 14, ETH attempted to break through the $4,800 level to reclaim its 2021 all-time high, but met resistance and has since retraced.<\/p>\n Altcoins largely mirrored the decline, with Solana (SOL<\/a>) down 3.6% to $185, and XRP<\/a> continuing its decline this week, trading near $3.03.<\/p>\n Despite the pullback, institutional demand continues to provide a floor for the market, especially for ETH. U.S. spot Ethereum ETFs.<\/p>\n Even without today\u2019s trading data in, over the past week, spot ETH ETFs have recorded more than $2.9 billion in net inflows, surpassing the previous weekly record of $2.1 billion set in mid-July. ETH ETFs also broke their daily inflow record this week, taking in $1.02 billion on Monday, Aug. 11, per data from SoSoValue<\/a>. Following Monday\u2019s record, total net inflows into ETH ETFs broke over $500,000 each day since, marking the some of the highest daily inflows for the products. <\/p>\n By comparison, spot Bitcoin ETFs had a weaker week, bringing in a net total of $561.95 million so far this week, suggesting that Wall Street\u2019s focus has increasingly shifted toward Ethereum<\/a> for now. Yesterday, Aug. 14, was the strongest day this week, with $230.9 million added across BTC products, bringing total net assets to $153.43 billion. <\/p>\n Meanwhile, ETH led 24-hour liquidations at $185 million, followed by Bitcoin at $66.7 million and other altcoins at $43.1 million, according to data from CoinGlass<\/a>.<\/p>\n On the geopolitical front, traders are facing continued uncertainty as U.S. President Donald Trump and Russia President Vladimir Putin prepare to meet later today in Alaska to discuss the Russia-Ukraine war. The White House has called<\/a> the talks mostly a \u201clistening exercise,” per Reuters, and Trump has reportedly<\/a> suggested he doesn\u2019t expect an immediate ceasefire.<\/p>\n Earlier this week, Trump told Ukrainian President Volodymyr Zelensky and European leaders that his goals for Friday’s summit were to get a ceasefire and to better understand whether a full peace deal is possible.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin slipped below $118,000 as crypto markets retreat on higher-than-expected inflation data and broader geopolitical uncertainty. The cryptocurrency market pulled back slightly on Friday, Aug. 15, seemingly reflecting concerns that the recent higher-than-expected inflation data might delay an expected Fed rate cut next month. On the geopolitical front, traders are awaiting the outcome of a […]<\/p>\n","protected":false},"author":2,"featured_media":402062,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-402061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=402061"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402061\/revisions"}],"predecessor-version":[{"id":402063,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402061\/revisions\/402063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/402062"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=402061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=402061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=402061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fad_4nxcfkh8us1dore8f018033rmi4d9z7rbnnyygd8qgmwvreqhp2r5ency-d0f16013-601a-4551-a6f7-ab7d44473eb6.png&w=3840&q=100\"\/)
Spot ETH ETFs Break Records<\/h2>\n
Strategic Ambiguity<\/h2>\n