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Bitcoin, Shiba Inu & Crypto – European Wrap 3 August

Bitcoin, Shiba Inu & Crypto – European Wrap 3 August

Bitcoin (BTC) extends its decline, trading below $63,000 at the time of writing on Monday after falling more than 2.8% in the previous week. Institutional demand shows cautious signs, with US-listed BTC spot Exchange Traded Funds (ETFs) recording a mild net outflow last week, breaking three weeks of positive flows. Meanwhile, concerns over potential Coldcard wallet attacks, involving the movement of nearly 389 BTC, add another layer of uncertainty and could further pressure the Crypto King’s outlook.

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Shiba Inu (SHIB) price is down nearly 2% on Monday, after two consecutive days of recovery, extending last week’s 7% decline. Declining SHIB futures Open Interest and the funding rate offset the 83 million SHIB tokens burned on Sunday,…

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