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BTC/USD: Holds Steady, But Bearish Trend Still Intact
Bitcoin price held steady above $64,000 on Monday as risks in the cryptocurrency industry remained. The BTC/USD pair has risen by nearly 10% from its lowest point this month. Bitcoin Price Steady Despite Falling ETF Demand The BTC/USD pair rose even as some major risks in the market remained. For one, data shows that spot Bitcoin ETF outflows continued last week. These funds, led by IBIT, shed $226 million in assets last week, bringing the cumulative total inflows to over $53 billion. These funds have had outflows in the last six consecutive weeks. They have lost over $6 billion in the last few weeks, a trend that ... (full story)