Bitcoin is trading below $77,000 due to geopolitical tensions, inflation fears, and higher U.S. Treasury yields, analysts said.
Spot bitcoin
BTC+0.091%
$77,162.32
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exchange-traded funds in the U.S. recorded their largest single-day net outflows since Jan. 29.
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The single-largest outflow since late January comes as bitcoin turns lower from the 200-day moving average.
Spot Bitcoin ETFs recorded $1 billion in weekly net outflows, snapping a six-week inflow streak. Analysts point to capital…
U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.
Bitcoin price has fallen below $77,000 amid heavy ETF outflows, large-scale liquidations, and weakening capital inflows.
Blackrock's spot bitcoin ETF has so far seen $2.2 billion worth of outflows in November as its underlying crypto continues to…
Bitcoin fell to $76,700 amid the largest spot ETF outflows since January, thin spot volume, rising rate-hike bets, and unwinding…
