Bitcoin (BTC) Price Dips to $81,400 as Asian Chip Stocks Tumble and Options Traders Seek Downsde Protection: Crypto Markets Today
5 Articles
5 Articles
Bitcoin (BTC) price dips to $81,400 as Asian chip stocks tumble and options traders seek downsde protection: Crypto Markets Today
Bitcoin slipped 0.5% to around $81,400 as the Kospi fell 3.7% on AI worries, even after the biggest daily spot ETF inflow in nearly a month.
Key points of the news: Bitcoin fell to $81,400 despite $526.6 million in ETF spot entries, while CoinMarketCap then placed BTC at about $81,539. Asian stock exchanges retreated and the Nasdaq 100 futures dropped 0.31%, in a risk-off environment that coincided with Bitcoin’s weakness without proving causality. Traders increased their share of ... Read more
Despite net inflows into Bitcoin spot ETFs, which exceeded $500 million and recorded the highest daily level in the last month, the leading cryptocurrency failed to maintain its momentum. Its price was rejected near $83,000 and then fell by almost $2,000. Most altcoins are also moving downwards. Bitcoin came under strong pressure last week, as US inflation data, both the consumer price index (CPI) and producer price index (PPI), confirmed that i…
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