Bitcoin clings to key support level as weekly US spot ETF outflows hit $1.8B and Fed rate hike bets mount: analysts
The Block·
60-second summary
Bitcoin hovers near $60K as weekly outflows from US spot ETFs reach $1.79 billion, fueled by Fed rate hike fears and an AI sell-off. Analysts warn that this trend could continue, potentially pushing Bitcoin's price lower. The market's volatility is heightened by the looming rate hike, impacting investor sentiment and overall market performance.
Bitcoin floats near $60K as spot ETF weekly outflows hit $1.79B amid Fed rate hike fears and an AI sell-off.