Crypto market cools in August after ETF-driven summer rally
The crypto market is cooling down in August after two straight months of bullish action driven by institutional money. ETF inflows into both bitcoin and ether dominated headlines in June and July, but that trend is now facing pressure from new economic fears.
According to CNBC, weak U.S. labor numbers and aggressive tariffs rolled out by President Donald Trump, ranging between 10% and 41%, have triggered broader market jitters. The result is a pullback in stocks, a spike in bond demand, and growing expectations that crypto may not be immune this time.
Ether jumped over 49% last month, outpacing bitcoin, which still saw an 8% gain and climbed to a new all-time high in the middle of July.
That performance was fueled by a mix of steady…
