Bitcoin steadies at $76,900 as ETFs lose $399 million and Binance outflows hit $4.7 billion
The withdrawals followed a $6.3 billion Binance hack, while Fidelity’s FBTC drew $6.7 million and Bitcoin held near $76,600.
- Over three trading days, US spot Bitcoin exchange-traded funds recorded $1.16 billion in net outflows, with investors pulling $116 million on Tuesday alone.
- The $6.3 billion Binance hack on Thursday triggered the withdrawals, causing broader crypto market volatility where Bitcoin briefly fell below $76,400 on Monday.
- Bitwise head of research Andr Dragosch said the trend reflects short-term risk-off sentiment rather than institutional retreat, noting retail investors react more strongly to market volatility.
- BlackRock's iShares Bitcoin Trust recorded its largest daily outflow since June on Monday, though Fidelity's Wise Origin Bitcoin Fund attracted $6.7 million.
- Bitcoin gained about 1.6% over the past 24 hours, trading near $78,000, as the Crypto Fear & Greed Index rose to 34 on Monday, signaling stabilizing sentiment.
27 Articles
27 Articles
Bitcoin operates in a slight fall on Tuesday (3), at $77,000, still without recovering the levels prior to the attack on Binance last week. In this session, however, the pressure comes mainly from the new fall in technology actions and the strong exits of ETFs in view of cryptocurrency in the United States. At around 10:30 a.m., bitcoin fell 0.6% in 24 hours, to $77.666.37, according to CoinGecko. In Brazil, it was negotiated R$425.543.22, pract…
US Bitcoin spot funds closed Tuesday's session with another outflow of capital. The negative balance is again...
Ethereum reclaims $2,300 as $1.61B ETF outflows weigh on recovery
Key takeaways Ethereum (ETH) has reclaimed $2,300 after falling below its realized price of $2,309 following the $6.3 billion Binance hack. US spot Ethereum ETFs recorded their seventh consecutive trading day of outflows on Tuesday. ETH faces immediate support at $2,250, followed by $2,204 and $2,107, while a recovery above $2,309–$2,355 could improve the short-term […]
US spot Ethereum ETFs experienced a net outflow of $85.3 million on November 3rd; ETH is trading around $2,302 for the seventh consecutive day of returns, with October totals in focus.
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