Markets were mostly calm on Labor Day in the US, with Bitcoin hovering around $58,000. The largest cryptocurrency was trading around $58,600 at the time of writing, up around 1% in 24 hours. The overall digital asset market rose 0.9%, with ETH and SOL up around 1.9% and 0.5%, respectively, according to data from CoinDesk Indices. US-listed exchange-traded funds (ETFs) tracking BTC saw net outflows of $175 million on Friday, their fourth consecutive day of declines. An Ethereum ETF saw zero net inflows or outflows, despite trading volume of $173 million, according to data tracked by SoSoValue.
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Bitcoin hovers around $58,500 during a historically bearish start to September
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