CryptoIntelligence
2024-04-12 07:43:41

Bitcoin Slips Below $70,000 Amid ETF Outflows and Market Uncertainty, Traders Hold onto Targets

On April 9, the buzz surrounding Bitcoin‘s weekly performance dimmed as its value dropped below $70,000. Insights from Cointelegraph Markets Pro and TradingView highlighted a decline in Bitcoin’s price before the opening of Wall Street, hitting a low of $69,635 on Bitstamp, a 4.3% decrease from the day before. This dip mirrored a hesitancy in the market’s short-term outlook. The start of the week on Wall Street didn’t meet the expectations of Bitcoin enthusiasts. U.S.-based spot Bitcoin ETFs saw minimal capital inflow, and with a significant $300 million withdrawal from the Grayscale Bitcoin Trust (GBTC), the day ended in substantial

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