Bitcoin and the wider cryptocurrency market struggled to benefit from softer U.S. inflation on Friday, August 14, as renewed withdrawals from spot exchange-traded funds weakened institutional demand. The Bitcoin price fell below $63,000, while Ether stayed below $1,900 and declines spread across most major altcoins.
The sell-off remained contained, with Bitcoin’s market value standing near $1.26 trillion. The total cryptocurrency market was valued at approximately $2.17 trillion, down 0.70 percent over 24 hours, while trading volume decreased 14.04 percent to $46.47 billion. Bitcoin dominance held at 58.48 percent, showing that traders remained more cautious toward smaller digital assets.
Bitcoin ETF outflows persist
At approximately 11:03 a.m. UAE time, Bitcoin traded at $62,976.39, down 1.3 percent over 24 hours. The cryptocurrency’s market capitalization stood at approximately $1.26 trillion, while its daily trading volume reached $18.73 billion.
Ether declined 1.07 percent to $1,874.34 and was 0.71 percent lower for the week. Its market value reached $227.10 billion, with $6.35 billion traded during the preceding 24 hours.
Institutional flows represented the clearest obstacle to a stronger market. U.S. spot Bitcoin ETFs registered $131.1 million in net withdrawals on Thursday after recording $61.1 million of outflows on Wednesday.
Spot Ether ETFs moved in the opposite direction, attracting $5.9 million on Thursday after receiving $7.4 million one day earlier. That divergence helped Ether contain its weekly loss even though both leading cryptocurrencies declined during Friday’s Asian session.
Inflation relief fades
Digital assets failed to follow Wall Street’s record-setting advance after the official consumer-price report showed U.S. inflation easing to 3.4 percent in July from 3.5 percent in June. Core inflation slowed to 2.5 percent, while the headline index increased only 0.1 percent from the preceding month.
The later producer-price report showed that final-demand prices were unchanged in July, although the annual rate remained at 4.7 percent. The readings reduced immediate interest-rate pressure, but ETF redemptions, geopolitical uncertainty and limited cryptocurrency-specific momentum kept buyers cautious.
Major altcoins retreat
Tether slipped 0.01 percent to $0.9992, while BNB declined 0.42 percent to $610.10 despite retaining a seven-day gain of 3.99 percent. USDC was unchanged at $1.0009. XRP lost 0.53 percent to $1.0091, Solana fell 0.89 percent to $75.822 and TRON dropped 1.03 percent to $0.334018.
Hyperliquid declined 1.02 percent to $56.809 and Dogecoin lost 1.01 percent to $0.069951. Solana, TRON, Hyperliquid and Dogecoin nevertheless remained higher over the preceding seven days.
The market continued to be heavily concentrated in its largest assets. Tether’s capitalization reached $182.99 billion, followed by BNB at $81.18 billion, USDC at $71.94 billion, XRP at $63.17 billion and Solana at $44.19 billion. TRON was valued at $31.69 billion, while Hyperliquid and Dogecoin stood at $14.37 billion and $10.87 billion, respectively.
Stablecoin trading dominates
Stablecoins generated a substantial share of market turnover. Tether recorded $39.21 billion in 24-hour volume and USDC produced $7.01 billion, exceeding the trading activity of most tokens whose values fluctuate freely.
UNUS SED LEO dropped 2.39 percent to $9.1551, Zcash lost 0.97 percent to $491.98 and Monero eased 0.19 percent to $395.698. Cardano fell 0.92 percent to $0.1826, while Chainlink was among the few gainers, advancing 0.22 percent to $8.786.
Stellar declined 1.49 percent to $0.15934 and Dai gained 0.01 percent to $0.99976. Bitcoin Cash recorded the sharpest fall among the 20 largest assets, sliding 3.82 percent to $206.83.
Smaller tokens diverge
World Liberty Financial USD slipped 0.02 percent to $0.9999, Ethena USDe was unchanged at $1.001 and Canton fell 3.11 percent to $0.09650. Gram declined 0.72 percent to $1.5064, Global Dollar held at $0.9999 and Litecoin lost 0.53 percent to $44.78.
Hedera dropped 1.73 percent to $0.06541, PayPal USD eased 0.01 percent to $0.9999, Sui fell 1.07 percent to $0.6840 and Avalanche declined 1.65 percent to $6.42.
Shiba Inu slipped 0.67 percent to $0.00000448, while Tether Gold fell 0.96 percent to $4,324. Cronos moved sharply against the broader trend, surging 5.50 percent to $0.04937. Bittensor gained 0.61 percent to $201.18, while Uniswap dropped 2.60 percent to $3.4946.
Gold tokens retreat
OKB fell 0.72 percent to $102.14 but retained a strong weekly advance of 16.02 percent. NEAR Protocol lost 3.40 percent to $1.6178, while PAX Gold declined 0.87 percent to $4,340.
World Liberty Financial fell 0.18 percent to $0.0549, Aster lost 0.26 percent to $0.6033 and Ondo declined 1.16 percent to $0.33260. Ripple USD, MemeCore and USDD were unchanged near $1.00087, $1.18060 and $1, respectively.
Mantle dropped 3.45 percent to $0.4441, Aave lost 1.65 percent to $87.95 and Polkadot declined 1.38 percent to $0.764. Sky gained 0.49 percent to $0.05328, United Stables added 0.01 percent to $1.0004 and Worldcoin rose 0.59 percent to $0.343.
The immediate outlook depends heavily on whether Bitcoin ETF withdrawals continue and whether Bitcoin can defend the $63,000 area. A durable recovery would require stronger spot demand rather than support from macroeconomic data alone. Until that happens, reduced turnover, a fear-and-greed reading of 37 and Bitcoin’s high dominance indicate defensive positioning. Weekly gains in Chainlink, OKB, Canton and Worldcoin nevertheless show that selective risk appetite has not disappeared.
Institutional flows reverse
The latest ETF figures show how quickly institutional demand changed during the week. U.S. spot Bitcoin funds attracted a combined $865.3 million between August 3 and 7. The following four sessions through Thursday produced net withdrawals of $329 million. Thursday’s outflow was broadly distributed: Fidelity’s FBTC lost $55.1 million, ARKB recorded $58.8 million of withdrawals and Grayscale’s GBTC shed $36.3 million. BlackRock’s IBIT lost $5.7 million, while Grayscale’s smaller BTC product attracted $38.9 million.
The cumulative figures still demonstrate the scale of the institutional channel. U.S. spot Bitcoin products have generated approximately $51.91 billion of net inflows since their launches. IBIT accounts for $61.15 billion, while the older GBTC vehicle has experienced cumulative withdrawals of roughly $27.55 billion. The opposing flows explain why short-term ETF totals can change sharply even when the broader market structure remains substantial.
Ether funds offered only limited insulation. Their daily records show a combined net withdrawal of approximately $3 million from Monday through Thursday, despite the positive Wednesday and Thursday readings. Cumulative net inflows across the products stood near $11.46 billion. BlackRock’s ETHA represented approximately $11.63 billion, while Grayscale’s ETHE had recorded cumulative withdrawals of about $5.35 billion.
Policy risks persist
Monetary policy remains another important influence. At its July meeting, the Federal Reserve held the federal funds target at 3.50 percent to 3.75 percent by a 9–3 vote. Three policymakers preferred a quarter-point increase, leaving cryptocurrency traders exposed to any renewed acceleration in prices or wages before the September 15–16 meeting.
Corporate treasury activity has also become a source of supply. The Strategy filing documented 1,690 bitcoin sales for $108.6 million between August 3 and 9, receiving an average $64,262 per coin. The company retained 840,447 bitcoins acquired for $63.36 billion, or $75,385 each. The proceeds funded preferred-share repurchases, while common-stock sales increased Strategy’s dollar reserve to $4.65 billion.
Regulatory progress remains incomplete. The CLARITY Act, which would establish a federal framework for digital commodities, passed the House by 294 votes to 134 in July 2025. The proposal assigns the Commodity Futures Trading Commission authority over digital commodity transactions and establishes requirements covering trade monitoring, recordkeeping and customer-asset commingling by intermediaries. Congress.gov lists its latest action as referral to the Senate Banking Committee, leaving the market without a final statutory catalyst while fund flows, monetary expectations and corporate selling determine near-term direction for major digital assets and investors.
Recent market swings
Bitcoin entered the week with stronger momentum. On August 10, it traded at $65,204.80, gaining 0.56 percent over 24 hours and 4.65 percent across seven days. The wider cryptocurrency market was valued near $2.29 trillion and had risen 0.49 percent, while fresh ETF inflows supported demand. Flow records show that U.S. Bitcoin funds collected $865.3 million during the five sessions through August 7.
The direction reversed on August 11. Bitcoin fell 2.11 percent to $63,956.90, while Ether declined 2.85 percent to $1,874.20 and the broader market lost 0.47 percent. The Strategy filing covering 1,690 bitcoin sales intensified attention on treasury supply, although the company’s retained holdings remained larger than those of other corporate owners.
