Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Drive Market Concerns

Friday, 22 March 2024, 16:06
The latest data reveals significant outflows from U.S.-listed spot bitcoin ETFs exceeding $830 million this week, hinting at a potential downward trend. This trend marks the first negative week for bitcoin since late January, signaling investor caution amidst market uncertainty.
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Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Drive Market Concerns

Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue

The latest developments in the cryptocurrency market have led to Bitcoin experiencing a price dip to $64K. This movement is attributed to the persistent outflows from large Grayscale GBTC holdings, indicating ongoing market volatility.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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