• Latest
  • Trending
Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory

6,700 BTC Exit Amidst Largest Outflow In Months

December 21, 2024
Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

June 27, 2025
Crypto News Digest by U.Today

Crypto News Digest by U.Today

June 27, 2025
Runes now available: DOG is live for trading!

Runes now available: DOG is live for trading!

June 27, 2025
Simplify Labs Joins Hands with Top Fintech Firms to Deliver Full-Spectrum MiCA-Compliant Crypto Infrastructure

Simplify Labs Joins Hands with Top Fintech Firms to Deliver Full-Spectrum MiCA-Compliant Crypto Infrastructure

June 27, 2025
Toncoin Gains 2% as Short-Term Uptrend Pattern Emerges

Toncoin Gains 2% as Short-Term Uptrend Pattern Emerges

June 27, 2025
Will This Send BTC Bull Token Soaring?

Will This Send BTC Bull Token Soaring?

June 27, 2025
Fartcoin remains bearish despite hitting $1; Check forecast

Fartcoin remains bearish despite hitting $1; Check forecast

June 27, 2025
Across Protocol Team Accused of Moving $23M to Own Company

Across Protocol Team Accused of Moving $23M to Own Company

June 27, 2025
XRP Sees Abnormally Bullish Sentiment Despite Ripple v. SEC Setback

XRP Sees Abnormally Bullish Sentiment Despite Ripple v. SEC Setback

June 27, 2025
  • Privacy Policy
Friday, June 27, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

6,700 BTC Exit Amidst Largest Outflow In Months

J_News by J_News
December 21, 2024
in Crypto, Top News
0
Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors withdrew a record $680 million from Bitcoin ETFs on Thursday, the highest outflow in a single day since January’s approval of these investment funds.

Related articles

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

June 27, 2025
Crypto News Digest by U.Today

Crypto News Digest by U.Today

June 27, 2025

Grayscale And Bitwise Bitcoin ETFs Experience 8% Decline 

As Bitcoin ETFs faced this outflow, the price declined, dropping another 5% to trade around $97,400 to close the week. The sell-off aligns with a general downturn in risk assets, triggered by the Fed’s updated economic projections released earlier this week. 

The US central bank now anticipates only two quarter-point rate cuts in the coming year, a significant reduction from the four cuts previously expected at its September meeting.

Related Reading

Notable Bitcoin ETFs, including Grayscale’s Bitcoin Trust and Bitwise’s Bitcoin ETF, have experienced declines of approximately 8% since the Fed’s new guidance, while Bitcoin itself has lost about 9% in the same timeframe. 

Notably, Thursday’s outflows broke a streak of 15 consecutive days of inflows for the twelve US Bitcoin ETFs, for a net inflow of approximately $5.3 billion during this period.

After hitting a record high of just over $108,000 earlier in this week, the market’s top cryptocurrency dropped below the $100,000 level on Thursday. Prior to the recent recovery, which is just around $100,000, it fell all the way to $92,000. 

While the bearish sentiment in the markets can be attributed to the Fed’s cautious stance, it is also likely influenced by seasonal profit-taking among institutional investors of the Bitcoin ETFs. 

Analysts Warn Of Continued Crypto Sell-Off

The recent selling pressure could further strain market sentiment, as noted by Joseph Dahrieh, managing principal at Tickmill.

“This decline could weigh strongly on the cryptocurrency and broader market sentiment, particularly as Bitcoin fell below the USD 100,000 mark, indicating potential short-term volatility and downside risks,” he remarked.

The volatility has been exacerbated by massive liquidations in both long and short positions, totaling over $240 million within a 24-hour period. Antonio Di Giacomo, a senior market analyst at XS.com, commented, “The Federal Reserve’s cautious stance in signaling fewer cuts for 2025 created an atmosphere of doubt and speculation.”

Related Reading

Looking ahead, the sell-off in the cryptocurrency market may persist in the near term. Alex Kuptsikevich, chief market analyst at FxPro, speculated that the total market capitalization of cryptocurrencies could drop below $3 trillion, down from a peak of $3.7 trillion earlier this month. 

He cautioned that “a failure below $94,500 would signal a break of the uptrend of the last six weeks, while a fall below $92,000 would bring the price under the 50-day moving average. In this case, time is playing on the side of the bears.”

The daily chart shows BTC’s drop below $100,000 since Wednesday. Source: BTCUSDT on TradingView.com

As of this writing, Bitcoin has managed to stabilize above $97,400 as the week draws to a close, despite registering 4% losses over the previous 24 hours.

Featured image from DALL-E, chart from TradingView.com



Source link

ShareTweetShareShare

Related Posts

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

by J_News
June 27, 2025
0

Opinion by: Irina Heaver, crypto lawyer.Founders who treat regulatory structuring as a central part of their go-to-market strategy are the...

Crypto News Digest by U.Today

Crypto News Digest by U.Today

by J_News
June 27, 2025
0

U.Today presents the top three news stories over the past day.Massive blow to Ripple as judge denies key motionYesterday, June...

Runes now available: DOG is live for trading!

Runes now available: DOG is live for trading!

by J_News
June 27, 2025
0

June 27, 2025 | Asset Listings We’re thrilled to announce that Dog (Bitcoin) — the first Bitcoin Runes asset we’ve...

Simplify Labs Joins Hands with Top Fintech Firms to Deliver Full-Spectrum MiCA-Compliant Crypto Infrastructure

Simplify Labs Joins Hands with Top Fintech Firms to Deliver Full-Spectrum MiCA-Compliant Crypto Infrastructure

by J_News
June 27, 2025
0

Simplify Labs has announced new strategic legal partnerships with Gofaizen & Sherle, Icon Partners, and SBSB Fintech Lawyers, three of...

Toncoin Gains 2% as Short-Term Uptrend Pattern Emerges

Toncoin Gains 2% as Short-Term Uptrend Pattern Emerges

by J_News
June 27, 2025
0

Toncoin is demonstrating bullish momentum on the short-term, with price action forming a solid uptrend pattern and significant volume support,...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog