Bitcoin slips below $65,000 as ETF inflows offset fork concerns
Investing.com -- Bitcoin traded under $65,000 on Sunday, slipping slightly over the previous 24 hours, as strong U.S. exchange-traded fund inflows competed with concerns surrounding the stalled BIP-110 minority chain.
U.S. spot Bitcoin and Ether ETFs attracted a combined $1.1 billion last week, their strongest performance since April, despite trading activity remaining near multi-year lows. Bitcoin was trading at $64,800.9 as of 04:54 ET (08:54 GMT), reflecting a 0.28% decline.
Bitcoin funds collected $853.5 million across five consecutive sessions through Friday, the largest weekly inflow since April 17. BlackRock’s IBIT accounted for $693.7 million, more than 80% of the total, while Fidelity’s FBTC added $116.4 million.
Spot Ether ETFs drew $244.9 million, extending their positive run to five weeks, the longest of 2026. Thursday’s $92.2 million intake was the largest single-day inflow during that period.
Bloomberg Intelligence analyst Eric Balchunas noted that several Bitcoin funds had recorded inflows every day since the Coldcard exploit emerged on July 30. Galaxy Research estimated that 1,719 Bitcoin worth about $111 million had been stolen and warned that total losses could exceed $130 million.
Demand weakened toward the weekend after U.S. payrolls unexpectedly fell by 23,000 rather than increasing by 80,000 as forecast. Bitcoin ETF turnover declined 9% to $8.19 billion, the second-lowest full-week total since October 2024.
The funds also remain negative for the year. Bitcoin ETFs have recorded around $4.44 billion in net outflows since January, while Ether products have lost roughly $873 million.
Separately, the controversial BIP-110 fork effectively stalled after producing just two blocks in about eight hours. Over the same period, Bitcoin’s main chain advanced by 48 blocks, demonstrating the breakaway network’s lack of mining power.
BIP-110 seeks to restrict pictures, text and other non-payment data in Bitcoin transactions for one year. Its mandatory-signalling period began at block 961,632, prompting supporting nodes to reject blocks that did not signal approval.
Only 2.53% of recently mined blocks supported the proposal, far below the 55% threshold. The minority chain inherited Bitcoin’s mining difficulty but has too little hash power to produce blocks regularly. Its next difficulty adjustment was estimated to be about 350 days away at the current pace.
Both chains still accept identical transactions, exposing holders who try to sell forked coins to replay attacks that could also transfer their real BTC.
Crypto price today: most altcoins were mixed on Sunday
Looking at broader crypto prices, most altcoins had mixed results amid thin Sunday trading.
World no.2 crypto Ether fell 0.07% to trade at $1,915.52.
XRP was trading at $1.0333 and was down 0.25%.
Solana rose 1.98% for the session and was trading at $76.28.
Cardano also declined and was last down 1.05%.
Among memcoins, Dogecoin fell 0.44%, while $TRUMP was up 0.54% for the day.
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