Market Update – August 17
$BTC trading around $63,500 (+0.8%), recovering slightly after last week's 3% drop .
🔻 Key Headwinds:
• US-Iran tensions escalate – Strait of Hormuz standoff pushing oil prices up, hurting risk appetite
• Spot Bitcoin ETFs saw $389.7M in outflows last week – worst since early July
• SEC abruptly canceled Friday's crypto regulation meeting – Clarity Act remains delayed
📈 Contrast:
Solana ETFs saw $10.26M** inflows,$XRP ETFs **$2.25M – selective institutional interest
🔑 $BTC Levels:
Resistance: $63,400** | Support: **$62,600–$62,700
📉 Fear & Greed: 29 (Fear)
Markets remain choppy. Stay cautious, manage risk!
#RavenFlux #BTC #Crypto #ETF #trading
$BTC trading around $63,500 (+0.8%), recovering slightly after last week's 3% drop .
🔻 Key Headwinds:
• US-Iran tensions escalate – Strait of Hormuz standoff pushing oil prices up, hurting risk appetite
• Spot Bitcoin ETFs saw $389.7M in outflows last week – worst since early July
• SEC abruptly canceled Friday's crypto regulation meeting – Clarity Act remains delayed
📈 Contrast:
Solana ETFs saw $10.26M** inflows,$XRP ETFs **$2.25M – selective institutional interest
🔑 $BTC Levels:
Resistance: $63,400** | Support: **$62,600–$62,700
📉 Fear & Greed: 29 (Fear)
Markets remain choppy. Stay cautious, manage risk!
#RavenFlux #BTC #Crypto #ETF #trading
