Bitcoin shrugs off ETF outflows to trade above $84,000 as oil falls
60-second summary
Bitcoin holds its weekend gains, trading above $84,000 despite more than $600 million of ETF outflows last week, while oil prices dip. The cryptocurrency’s resilience suggests investors view Bitcoin as a hedge against broader market weakness, reinforcing its appeal and potentially sustaining bullish momentum even as traditional energy assets decline.
Bitcoin is holding on to its weekend gains as oil trades lower. ETFs lost over $600 million in outflows last week.