Bitcoin ETF

Bitcoin

The post <a href="https://coinpedia.org/crypto-live-news/bitcoin-breaks-under-60k-as-etf-markets-down-for-second-week-straight/" rel="noopener noreferrer nofollow">Bitcoin Breaks Under $60K As ETF Markets Down For Second Week Straight</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Bitcoin ETF market is heating up with some wild swings! Last week, the Bitcoin spot ETF surged with a $169 million inflow, while Grayscale’s GBTC hit a rough patch, suffering a significant $391 million outflow. However, BlackRock’s IBIT showed strength, pulling in $219 million. Bitcoin itself faced a tumultuous week, breaking under $60,000 on Sunday with a 3.65% drop, settling at $58,515, now below the 200-day EMA.
Despite the volatility, the week concluded with a doji on the weekly chart, indicating market indecision. Further, the ETF market marks the second consecutive week of net ETF outflows, totaling $249 million, after a five-week streak of mind-blowing inflows reaching up to $1.83 billion.

Bitcoin Breaks Under $60K As ETF Markets Down For Second Week Straight

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