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Bitcoin (CRYPTO: BTC) hit $64,000 on Monday as sell pressure shows early signs of easing, though weak spot liquidity and ETF outflows keep conviction limited, according to Glassnode. What Glassnode's Weekly Pulse Report Found Glassnode analyst Chris Beamish wrote in the firm's Week 34 Market Pulse report that Bitcoin remains firmly range-bound after slipping from the $65,000 area over the past week.

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Crypto market update August 17: Ethereum reclaims $1,900 while HYPE and PUMP rally despite weak sentiment and rising derivatives activity.

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The Ethereum Foundation launched Platåberget, a public testnet that allows developers to test the upcoming Glamsterdam upgrade before its mainnet deployment The testnet went live on August 17 and will execute the Glamsterdam fork on August 20, simulating a transition on an active chain.

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The local Bitcoin shortage on trading platforms, recorded since the beginning of the summer, has officially ended. According to new on-chain metrics from analytics platform Santiment, investors returned 84% of the previously withdrawn coins to liquid exchange wallets during the first three weeks of August, coinciding with the asset's price consolidating tightly and consistently at around $63,500.