Bitcoin Dips to Two-Month Low Amid ETF Outflows and Firm's Sale

Bitcoin cryptocurrency ETF

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Bitcoin fell to a nearly two-month low of around $71,479 on Monday, driven by significant ETF outflows and a $2.5 million sale by MicroStrategy.
The top crypto is down over 7% weekly, with ETF net flows turning negative year-to-date.

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Bitcoin fell to a nearly two-month low of around $71,479 on Monday, driven by significant ETF outflows and a $2.5 million sale by MicroStrategy. The top crypto is down over 7% weekly, with ETF net flows turning negative year-to-date.

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Crypto majors saw significant gains over the July 4th holiday weekend, with Bitcoin rebounding to over $63,000. Altcoins led the charge, with LIT soaring nearly 50% following its Robinhood integration. Key factors driving the surge include a softer-than-expected jobs report and a reversal in Bitcoin ETF flows from record outflows to net inflows.

Decrypt

Developing·2d ago

Binance Sees Record Ethereum Withdrawals Amidst Regulatory Uncertainty

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Cointelegraph

Bitcoin Dips to Two-Month Low Amid ETF Outflows and Firm's Sale

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