Bitcoin drops 6.64% to $68,850 on ETF outflows | Tap to know more | Inshorts
Bitcoin fell 6.64 to 68,850.76, its lowest in nearly three months, following 1.44 billion in US Bitcoin ETF outflows. Rising US inflation fears, expectations of a December Fed rate hike, MSCI's plan to drop Strategy from benchmark indexes, and a 14.2 billion drop in stablecoin supply over 30 days deepened the bearish sentiment.
Bitcoin fell 6.64 to 68,850.76, its lowest in nearly three months, following 1.44 billion in US Bitcoin ETF outflows. Rising US inflation fears, expectations of a December Fed rate hike, MSCI's plan to drop Strategy from benchmark indexes, and a 14.2 billion drop in stablecoin supply over 30 days deepened the bearish sentiment.
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