The cryptocurrency fear and greed index fell into the "Extreme Fear" zone for the first time in two years, reaching 17 out of 100. 📉

On August 5, Bitcoin spot ETFs recorded outflows of $168.4 million, mainly from Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF.

Ethereum ETFs, on the other hand, showed an inflow of $48.8 million, led by the iShares Ethereum Trust.

The crypto market and U.S. stocks suffered due to weak employment data and recession fears.