The total crypto market cap is hovering near $2.19 trillion, up about 0.5% on the day, as Bitcoin holds above $64,700. US spot Bitcoin ETFs have recorded three straight days of inflows — $170 million on August 3, $211 million on August 4, and $244 million on August 5 — totaling roughly $626 million. The $2.20 trillion resistance level has capped the market since July 27, and traders are staying cautious ahead of Friday's US jobs report.
Three-day ETF streak tops $626M
The latest inflow day, August 5, was the strongest of the three at $244 million. That brings the three-day total to $626 million, a clear sign of institutional demand for Bitcoin exposure through regulated vehicles. The streak comes as Bitcoin itself has held above $64,700, a level that has acted as support in recent sessions. Whether the ETF momentum can push the broader market through $2.20 trillion remains the open question.
XRP ETF sees $3.58M outflow
Not every crypto ETF is seeing inflows. The XRP ETF recorded a $3.58 million outflow on August 5, a reminder that institutional interest remains selective. The outflow is small relative to the Bitcoin ETF numbers, but it shows that demand for altcoin-based products isn't uniform. The XRP ETF has seen mixed flows since its launch, and this latest withdrawal suggests some holders are taking profits or reallocating.
Pi Network climbs 6% but stays in a channel
Pi Network was a rare gainer on a day when most altcoins were flat or slightly red. PI rose about 6% to $0.091, though it's still down 19% on the month and only 29% above its all-time low of $0.070. The token has been trapped in a falling channel since June 20, but buy volume has been increasing and selling volume fading since late July. Key levels to watch: reclaiming $0.096 opens the path to $0.105; above $0.105 turns the outlook neutral-to-bullish. A drop below $0.086 would put the $0.070 all-time low back in play.
Friday jobs report on deck
The ADP private payrolls report released August 5 came in with a consensus forecast of 65,000, setting the stage for the more closely watched nonfarm payrolls data on Friday. A strong jobs number could boost risk appetite and help the crypto market break above $2.20 trillion. A miss, on the other hand, might reinforce the cautious mood that has kept the market range-bound since late July. Traders are positioning accordingly, with volume on major exchanges slightly below the recent average.
