Bitcoin Slips To $79,500 As $277 Million Exits Spot ETFs

Bitcoin Slips To $79,500 As $277 Million Exits Spot ETFs

Bitcoin has seen a pullback to levels below $80,000 as netflow data related to the US spot ETFs shows the exit of a notable amount of capital. Bitcoin Spot ETF Netflow Has Broken Its 5-Day Green Streak According to data from SoSoValue, the Bitcoin spot exchange-traded funds (ETFs) have just registered a red day. The spot ETFs refer to investment vehicles that allow investors to gain indirect exposure to the cryptocurrency. Whenever a trader inve…

Bitcoin drops to $79,000 as ETF outflows hit $277 million

🚨 $277 million exited Bitcoin ETFs, causing BTC to dip to $79,000. Short-term recovery lifted BTC close to $80,000 before new selling. 🧐 Key point: Analysts eye $88,880 as the crucial threshold for $BTC’s next trend. Continue Reading:Bitcoin drops to $79,000 as ETF outflows hit $277...