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Bitcoin dips 2.7% as ETF outflows rise and XRP drops below $1 after bridge hack

Market News
16 Aug 2026
CryptoTicker
View Source
Bearish
Bitcoin dips 2.7% as ETF outflows rise and XRP drops below $1 after bridge hack

Bitcoin closed the week down 2.7% at around $62,990, with spot Bitcoin ETFs reversing strong inflows into outflows and XRP briefly falling below $1 due to a cross-chain bridge exploit. Despite stable prices, significant structural shifts occurred: Goldman Sachs agreed to acquire NEOS Investments, gaining crypto income ETFs; Bitcoin miners like Riot Platforms sold BTC to fund AI data centers amid unprofitable mining conditions; and US crypto regulatory progress was delayed to September. The crypto market remains range-bound with low volatility, trading mainly on ETF flows rather than inflation data, while regulatory clarity and miner selling pressure are key factors to watch next.

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