Crypto Retreats as Geopolitical Tensions and ETF Outflows Hit Bitcoin
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Bitcoin dropped 27% in the last month, now trading around $68,200, marking four weeks of losses. U.S.-listed spot Bitcoin ETFs experienced $360 million in outflows, with analysts citing geopolitical tensions and macro uncertainty as major risks affecting the crypto market.
- Bitcoin fell as much as 27% in the past month before stabilizing around $68,000.
- U.S.-listed spot Bitcoin ETFs saw $360 million in weekly outflows.
- Analysts cite geopolitical tensions and macro uncertainty as key risks.
Bitcoin continued to weaken this week as global markets shifted into a risk-off stance. The token has now seen losses of 12% and 27% over the past fortnight and month, respectively, as it trades at $68,200 at press time. The decline marks the fourth consecutive week of losses.
In recent months, Bitcoin has traded similarly to high-growth U.S. technology stocks. On Tuesday, it mirrored early losses in equities but failed to keep pace when stocks later edged higher. The divergence suggested more cautious positioning among crypto investors.
Market participants pointed to a retreat from risk assets. Rising geopolitical tensions involving Iran added …
Read The Full Article Crypto Retreats as Geopolitical Tensions and ETF Outflows Hit Bitcoin On Coin Edition.
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$ 67.11K
-1.38%Share:
In This News
Coins
$ 67.11K
-1.38%Share:
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Bitcoin Price Holds Near $67,000 as Market Forces Push in Opposing Directions
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Crypto Retreats as Geopolitical Tensions and ETF Outflows Hit Bitcoin
Share:
Bitcoin dropped 27% in the last month, now trading around $68,200, marking four weeks of losses. U.S.-listed spot Bitcoin ETFs experienced $360 million in outflows, with analysts citing geopolitical tensions and macro uncertainty as major risks affecting the crypto market.
- Bitcoin fell as much as 27% in the past month before stabilizing around $68,000.
- U.S.-listed spot Bitcoin ETFs saw $360 million in weekly outflows.
- Analysts cite geopolitical tensions and macro uncertainty as key risks.
Bitcoin continued to weaken this week as global markets shifted into a risk-off stance. The token has now seen losses of 12% and 27% over the past fortnight and month, respectively, as it trades at $68,200 at press time. The decline marks the fourth consecutive week of losses.
In recent months, Bitcoin has traded similarly to high-growth U.S. technology stocks. On Tuesday, it mirrored early losses in equities but failed to keep pace when stocks later edged higher. The divergence suggested more cautious positioning among crypto investors.
Market participants pointed to a retreat from risk assets. Rising geopolitical tensions involving Iran added …
Read The Full Article Crypto Retreats as Geopolitical Tensions and ETF Outflows Hit Bitcoin On Coin Edition.
In This News
Coins
$ 67.11K
-1.38%Share:
In This News
Coins
$ 67.11K
-1.38%Share:
Read More
Bitcoin Price Holds Near $67,000 as Market Forces Push in Opposing Directions