Bitcoin and Ethereum ETFs See Heavy Outflows as Prices Hit Brick Wall
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Bitcoin's breakout attempts were repeatedly capped at $82,000 over the past week, a pullback that appears linked to developments on the US spot ETF front. Spot Ethereum ETFs posted a continuous red daily streak with no green days, indicating weakened token performance and potential short-term pressure on crypto ETF flows and market adoption.
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Bitcoin’s price breakout attempts were halted on a few occasions at $82,000 in the past week, which could be explained to an extent by the developments on the US ETF front.
The spot Ethereum ETFs suffered even more in terms of a red daily streak, as they didn’t see even a single day in the green.
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In This News
Coins
$ 71.24K
-3.31%$ 2.00K
-0.31%$ 1.29
-2.97%$ 81.08
-1.71%$ 81.27
-1.17%Predictions Markets
See what traders are focused on
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