Bitcoin (BTC) Price Drops Below $60K Amid Bear Market
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowBitcoin (BTC) dropped to $59,548.19 on Wednesday, falling more than 4% and hitting its lowest level since October 2024. It also recorded a low of $59,023.98, marking the third instance this year where it traded below $60,000. There have been net outflows of $182 million from Bitcoin ETFs this week, bringing total assets down from $113 billion at the end of last year to $77.5 billion. This ongoing decline is attributed to macroeconomic pressures and shifts in investor sentiment, with capital moving towards AI stocks and new IPOs.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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