On the 18th, the price of Bitcoin went up to just below $65,000, but the price has been repeatedly fluctuating in a $64,500 to $65,000 range.
According to global virtual asset market site CoinMarketCap on the 19th, as of 8:29 a.m. that day, the price of Bitcoin was $64,686.20. It was up 0.4% from 24 hours earlier.
Ethereum, the No. 2 by market capitalization, was trading up 0.25% at $1,917.69. Ripple (XRP) was up 0.05% at $1, and Solana was trading up 1.65% at $77.
On the 18th, news that President Trump would host a crypto industry summit at the White House on the 19th by inviting cryptocurrency-related chief executive officers such as Coinbase and Ripple, along with the Chairpersons of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), sent cryptocurrency prices broadly surging.
However, institutional fund flows have not fully recovered, and the market has not shaken off its weakness. Between Aug. 10 and 14, about $390 million flowed out on a net basis from Bitcoin spot ETFs, marking the largest weekly outflow in two months.
New York stocks fell that day. The Dow Jones Industrial Average closed at 53,343.40, down 116.38 points, or 0.22%, from the previous trading day. The Standard & Poor's (S&P) 500 index fell 53.09 points, or 0.69%, to 7,691.97, and the Nasdaq composite finished down 355.20 points, or 1.33%, at 26,289.71.