Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
traded near $64,000 early Monday, briefly hitting $65,000 over the weekend boosted by Federal Reserve Chair Jerome Powell's dovish remarks at the Jackson Hole symposiumshowed relative strength among crypto majors, up 3% over the past 24 hours, shrugging off diminishing odds of a SOL-based spot ETF in the U.S. The broad-market benchmarkadvanced 0.6% during the same period.
The inflows happened amid strong trading activity, with the eleven products notching over $3 billion in trading volume, the highest in more than a month. BlackRock's IBIT and Fidelity's FBTC led in inflows, while Grayscale's GBTC experienced outflows.
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