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Bitcoin Falls as Strategy Concerns and ETF Outflows Weigh
Bitcoin price retreated below the important support level of $60,000 for the first time since June 5 this year. The BTC/USD pair was trading at 59,828 as ETF outflows continued and as concerns about Michael Saylor’s Strategy continued. Bitcoin ETF Outflows, STRC Retreat, and US Dollar Strength The BTC/USD pair has slumped in the past few days as investors have continued selling their spot ETF holdings. Data shows that these ETFs shed over $2.4 billion this month, adding to the $2.4 billion they lost in May. BlackRock’s IBIT ETF has had the most outflows during the ongoing sell-off. A likely reason for this is ... (full story)
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