Bitcoin Price Slides Below $77,000 as ETF Exodus Tops $1 Billion

Bitcoin Price Slides Below $77,000 as ETF Exodus Tops $1 Billion
[[{„value”:”
Bitcoin Magazine

Bitcoin Price Slides Below $77,000 as ETF Exodus Tops $1 Billion

Bitcoin price’s recovery narrative is under pressure. The world’s largest cryptocurrency has shed nearly $5,000 from its recent high of $82,000, dropping to around $76,900 as of this morning — a four-day losing streak driven by a powerful convergence of macro headwinds, accelerating institutional outflows, and on-chain metrics that reveal a recovery without the capital conviction of prior bull cycles.
Bitcoin price opened Monday at roughly $77,500 before slipping further throughout the session. The total crypto market cap has shed over $100 billion in valuation since last Friday, falling to approximately $2.65 trillion.
Liquidations have been severe. Total crypto liquidations reached near $657 million in a single 24-hour window on Monday, with $584 million — roughly 89% — coming from long positions, according to Glassnode data and Bitcoin Magazine Pro data. 
On top of this, U.S.

Czytaj więcej

We współpracy z: https://bitcoinmagazine.com/markets/bitcoin-price-slides-below-77000

Total
0
Shares
Dodaj komentarz

Podobne Wpisy