Ajaib says bitcoin trades below USD 80,000 as Fed hawkishness weighs sentiment
IBIT•Ajaib's near-term view
House view: Bitcoin seen in a USD 77,000-79,000 range today; Ethereum seen at USD 2,350-2,500.
Bitcoin and crypto market cap moved lower
Bitcoin fell 0.3% in 24 hours to USD 77,950; total crypto market cap slipped 0.7% to USD 2.6 trillion.
ETF flows diverged between Bitcoin and Ethereum
Spot Bitcoin ETFs posted USD 202 million outflows Friday; weekly outflows reached USD 924 million, ending a nine-day inflow streak.
Spot Ethereum ETFs recorded USD 102 million inflows Friday; weekly inflows totaled USD 824 million, extending a 10-day inflow run.
Late-August crypto pressure weighed by Fed tone and risk aversion
PT Ajaib Teknologi Indonesia flagged late-August crypto pressure from a hawkish Fed tone, rising geopolitical risk, ETF outflows.
