The post Bitcoin (BTC) Price Teases Below $65k, Signaling Possible Capitulation Ahead appeared first on Coinpedia Fintech News
The total cryptocurrency market cap slipped around 3 percent in the last 24 hours to about $2.48 trillion on Tuesday during the early European session. The altcoin industry registered the largest losses after Bitcoin (BTC) price briefly dropped below $65k. As a result, nearly half a billion dollars has been liquidated from the leveraged cryptocurrency market, mostly involving long traders.
The fear of a continued crypto bearish outlook has seen more investors flee the altcoin industry to the stablecoins market. Consequently, Bitcoin dominance has gained around 1 percent in the past 24 hours to hover around 56.18 percent.
Impact of Spot Bitcoin ETF’s Notable Cash Outflows
$BTC #ETF Net Inflow June 17, 2024: -$146M!
• The net inflow has been negative for 3 consecutive days.
• 9 out of the 10 US Bitcoin ETFs, including both #BlackRock (IBIT) a
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