Bitcoin Slips to $62,877 as IBIT and ETHA Drop Nearly 3%
Updated
Updated · Saxo Bank · Aug 3
Bitcoin Slips to $62,877 as IBIT and ETHA Drop Nearly 3%
3 articles · Updated · Saxo Bank · Aug 3
Summary
$62,877 Bitcoin and $1,858 Ethereum both fell early on Aug. 3, down 1.0% and 1.3% respectively by about 06:00 CET.
Crypto-linked ETFs weakened more sharply, with IBIT at 35.64 and ETHA at 14.07, losing 2.89% and 3.03% by roughly 05:55 CET.
Volatility gauges pointed to a mixed backdrop rather than outright stress: the VIX stood at 15.99, futures at 18.02, and the term structure remained in contango.
Elevated skew at 141.23 and a market regime flagged as transitioning suggest investors were still paying up for downside protection as risk signals stayed mixed.