Latest developmentabout 4 hours ago
Bitcoin Drops to $73,200 as Spot ETF Outflows Resume
The cryptocurrency fell as spot ETFs recorded $201 million in outflows on Monday following higher-than-expected US core inflation data.
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Bitcoin whales reduced their holdings by more than 34,000 BTC over the past week, worth approximately $2.6 billion. The price fell to around $73,700, below the previously recorded level of $76,349. Technical levels are being monitored for a potential recovery or further decline, while signs of selling pressure exhaustion are emerging.
The cryptocurrency fell as spot ETFs recorded $201 million in outflows on Monday following higher-than-expected US core inflation data.
Read the full story