Markets· ★★★· neutral·

Altcoins rally on thin trading as bitcoin holds below $83,500

  • —CoinDesk 80 index rose roughly 3% in 24 hours
  • —Altcoin gains more than doubled the CoinDesk 5 move
  • —Spot bitcoin ETFs shed $681 million last week
  • —Bitcoin trades below $83,500
Why it matters: The altcoin rally on thin volume looks fragile, while ETF outflows point to weak institutional demand for bitcoin.
#BTC
Source: CoinDesk
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