Bitcoin ETFs Shed $487M in Outflows, Led by BlackRock's IBIT
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After falling below US$ 83,500 on Wednesday (7), Bitcoin's fall continues on Thursday (8). At the time of this writing, cryptocurrency is traded close to US$ 81,000, losing 2.7% of its value. As a highlight, Bitcoin's American ETFs recorded outputs of US$ 485 million, their biggest daily negative flow since 25 of [...] Source: Bitcoin extends fall after outputs of US$ 485 million via ETFs See more news about Bitcoin. Follow Livecoins on Facebook…
Bitcoin Price Prediction as ETF Outflows, Crude Oil, and US Bond Yields Jump
Key Insights Bitcoin price extended its decline on Oct. 8 and briefly approached $82,200, its weakest level since Sept. 21. BTC has fallen from the $86,000–$87,000 region as ETF redemptions and macroeconomic pressure weighed on crypto markets. The pullback coincided with another surge in crude oil prices and elevated U.S. Treasury yields. Those developments have […]
Bitcoin Holds Near $83,300 as $81,300 Support and ETF Outflows Rattle Traders
Bitcoin dropped to roughly $83,300 on October 7, wiping out gains built earlier in the month after the coin had… Read the original on Bitcoin Plummets Near $83,300 as $81,300 Support Tests Traders’ Nerves. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
📉 Bitcoin fell below the $83,000 support level in the morning. 💸 $484.9 million flowed out of US spot $BTC ETFs yesterday; this was the highest daily net outflow since June 25. 🛢️ Brent oil rising to $102 and the US 10-year Treasury yield rising to 5.31% are increasing pressure on risky assets like crypto. Read More: Bitcoin lost critical support! $484.9 million outflow from ETF, eyes on $80,000 The article "Bitcoin lost critical support! $48…
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