Bitcoin Holds Steady at $60K Amid Significant ETF Outflows and Rate Hike Concerns
Despite facing substantial weekly outflows from US spot ETFs totaling $1.79 billion, Bitcoin remains close to the $60,000 mark as fears over potential Fed rate hikes grow.
Editorial Staff
1 min read
Updated 2 days ago
Bitcoin continues to hover around the $60,000 threshold, even as it experiences notable outflows from US spot exchange-traded funds (ETFs).
Recent data indicates that weekly outflows have reached approximately $1.79 billion, raising questions about market stability.
Analysts are increasingly voicing concerns regarding the implications of potential Federal Reserve rate hikes on the cryptocurrency market.