(Bloomberg/Sidhartha Shukla) — Bitcoin declined for a fifth straight session as traders continue to pull back from the record highs reached in July during the euphoria around the US embrace of digital assets.
The original cryptocurrency touched the lowest level in three weeks, dropping as much as 2% to $114,128. On July 14, Bitcoin reached a record of $123,200 just days before Donald Trump signed the first US regulatory guidelines for crypto into law.
Ether fell as much as 3.13% to $3,617, with the broader crypto market retreating after topping $4 trillion in total market capitalization in July for the first time.
That record run was fueled by unprecedented ETF inflows. The group of US Ether ETFs logged $5.4 billion in net inflows last month, their best on record, while Bitcoin ETFs att