Bitcoin hovers around $58.5000 in early September, historically bearish

Bitcoin has fluctuated around $58,000 amid a generally calm US Labor Day market The top cryptocurrency was trading around $58,600 at the time of writing, about 1% higher in 24 hours. The broader digital asset market rose 0.9%%, according to CoinDesk Indices data, with ETH and SOL gaining about 1.9% and 0.5% respectively. US-listed exchange-traded funds (ETFs) tracking BTC saw total net outflows of $175 million on Friday, extending a losing streak to four days. Ether ETFs had zero net inflows or outflows despite trading volume of $173 million, data tracked by SoSoValue shows.