Weekly Crypto Balance: Bitcoin and Ethereum Stuck in Tight Ranges

Bitcoin opened the week at $62,700, then oscillated within a $62‑$65k band, edging toward the $65,000 mark on Friday, August 7, to close a modestly positive week.

Bitcoin's Weekly Equilibrium Play

■Opened at $62,700, remained below $65,000 for most of the session.

■Spot Bitcoin ETFs saw a net inflow of $754 million.

■Price action was marked by low volatility and limited order flow.

Ethereum's Horizontal Cruise

■Started the week around $1,845, climbing to a $1,910‑$1,930 range on August 7.

■Seven‑day change recorded at +2.68%.

■Like Bitcoin, Ether stayed confined within a narrow corridor.

Spot Bitcoin ETFs Shaping Market Dynamics

■CoinDesk reported no new inflows on the first trading day of August, but a cumulative $754 million entered the market from the start of the month.

■This influx acted as a key buffer against downward pressure on Bitcoin.

U.S. Regulatory Uncertainty and Altcoin Impact

■The Senate postponed the vote on the CLARITY Act to September, prompting a reassessment of regulatory expectations in the altcoin space.

■XRP experienced a more pronounced weekly decline compared with other major crypto assets.

Macro Signals Echoing in Crypto

■U.S. July employment data anchored market attention, nudging Bitcoin toward $65,000.

■Ethereum pushed above the $1,900 threshold.

■Overall, the week was defined by subdued volatility and price compression rather than sharp rallies or drops.

The market’s $754 million net entry into spot Bitcoin ETFs helped contain price dips, yet the lingering tepid risk appetite keeps $65,000 for Bitcoin and $1,900 for Ether as pivotal support/resistance levels. U.S. regulatory ambiguity may reignite altcoin volatility, presenting both risk and opportunity for SMEs and institutional investors seeking liquidity management and portfolio diversification.