2024-12-20 17:33
IndustryBitcoin Pulls Back as US ETF Outflows Hit Record
Bitcoin has retreated from recent highs,as reduced expectations for Fed rate cuts dampen market sentiment. US Bitcoin ETFs saw a record $680M outflow, ending a 15-day inflow streak. The pullback, impacting altcoins more severely, is attributed to profit-taking and overly bullish positioning, despite Bitcoin's ~50% post-election gain.
#Bitcoin #BTC #Crypto #Cryptocurrency #ETF
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Bitcoin Pulls Back as US ETF Outflows Hit Record
| 2024-12-20 17:33Bitcoin has retreated from recent highs,as reduced expectations for Fed rate cuts dampen market sentiment. US Bitcoin ETFs saw a record $680M outflow, ending a 15-day inflow streak. The pullback, impacting altcoins more severely, is attributed to profit-taking and overly bullish positioning, despite Bitcoin's ~50% post-election gain.
#Bitcoin #BTC #Crypto #Cryptocurrency #ETF
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