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Bitcoin at Risk as ETF Outflows Continue
Bitcoin price continued falling as investors rotated from risky assets. The BTC/USD pair dropped to a low of 52,577, its lowest point since August 5th. It has dropped by over 30% from its highest level this year. Bitcoin’s crash coincided with the performance in the stock market as the Dow Jones, Nasdaq 100, and the S&P 500 indices. The Dow Jones fell by 490 points while the s&p 500 and Nasdaq 100 dropped by 95 and 435 points, respectively. At the same time, US bond yields continued falling as the yield curve disinverted. The 10-year yield dropped to 3.71% while the 30-year fell to 4.02%. Also, the 10-2 yield ... (full story)