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Bitcoin price retests $63K despite GBTC outflows dropping below $100M
Bitcoin plugged intraday lows at the March 22 Wall Street open despite lower outflows from the Grayscale Bitcoin Trust (GBTC). Data from Cointelegraph Markets Pro and TradingView tracked limp BTC price performance as $63,000 returned to the radar. The largest cryptocurrency failed to hold higher levels, which resulted from an earlier rebound, with its old 2021 all-time highs at $69,000 staying unchallenged. The day’s flows into and out of the United States spot Bitcoin exchange-traded funds (ETFs) began promisingly. GBTC saw just $96 million in outflows, per initial data from crypto intelligence firm Arkham — ... (full story)