Bitcoin Holds $80,000 as ETF Outflows Put Rally Back on Trial
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Bitcoin Holds $80,000 as ETF Outflows Put Rally Back on Trial
Bitcoin hovered near $80,000 early Saturday after U.S. spot bitcoin ETFs saw $268.5 million and $145.7 million in outflows on May 7 and 8, respectively. The token traded between $79,563 and $80,602. Ether rose to about $2,316 and Solana to $93.73. U.S. payrolls increased by 115,000 in April, surpassing forecasts. The post Bitcoin Holds $80,000 as ETF Outflows Put Rally Back on Trial appeared first on TechStock².
The bitcoin marks a sharp slowdown after several weeks of growth supported by institutional flows. US spot ETFs have recorded $268 million of net outflows in one session, while liquidations are accelerating in the derivatives markets. This boost of tension comes as investors are already monitoring another key factor: the future direction of the US Federal Reserve and its potential impact on the crypto market. The article The massive outflows of …
BTC Bleeds $268M in ETF Exits as Fed Chair Rumors Swirl
Bitcoin took a hit. ETF outflows just crossed $268 million, and traders are getting nervous about what comes next in… Read the original on BTC Bleeds $268M in ETF Exits as Fed Chair Rumors Swirl. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Crypto Breaking News
BITRSSBitcoin Dips as BTC ETF Outflows at $268M; Fed Chair Could Revive Rally
Bitcoin hovered around $80,000 on Friday after a failed push through $82,500, as traders reconciled a mix of ETF flows, leveraged futures activity, and a broader macro backdrop. US-listed spot Bitcoin ETFs posted $268 million in net outflows on Thursday, snapping a four-day streak of inflows, while $270 million of leveraged bullish Bitcoin futures positions were liquidated within 24 hours. The price action comes as equities held firm— the S&P 50…
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