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Crypto Market Update August 5: Bitcoin Rises, PUMP and HYPE Jump

Crypto Market Update August 5: Bitcoin Rises, PUMP and HYPE Jump

Bitcoin (BTC) rose above $64,000, while several major altcoins also posted gains. The broader market benefited from stronger institutional demand, easing geopolitical tensions, and continued inflows into U.S. spot Bitcoin ETFs.

At the time of writing, the total cryptocurrency market was valued at around $2.19 trillion, up nearly 0.8% over the past 24 hours.

Bitcoin Price Climbs Above $64,000

Bitcoin gained around 0.6% during the day and traded near $64,000.

The move comes as U.S. spot Bitcoin ETFs recorded another day of positive inflows. According to SoSoValue data, Bitcoin ETFs have attracted more than $381 million so far this week.

The steady inflows suggest that institutional investors continue adding exposure despite recent market…

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