Bitcoin price fell 3% on April 16 as crypto investors entered a risk-off mode amid stagnating ETF demand. Data from Cointelegraph Markets Pro and TradingView showed local BTC price lows of $61,709 on Binance shortly after the Wall Street open on April 16. {chart} Bitcoin joined U.S. stock indexes in heading lower on the day, as the U.S. dollar Index reached a six-month-high of 106.17. On april 15, capital flows into the spot Bitcoin exchange-traded funds (ETFs) recorded $36.7 million in net outflows, according to data from Farside Investors. {table} “Bitcoin ETF demand has stagnated for 4 weeks,” the founder and CEO ... (full story)