Binance Outflows and ETF Selling Weigh In On BTC
TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed. U.S. spot Bitcoin ETFs recorded $643 million in outflows on Friday, adding to pressure […]
Key Takeaways
- TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price.
- Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed.
- spot Bitcoin ETFs recorded $643 million in outflows on Friday, adding to pressure […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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