Bitcoin Holds Near $83,300 as $81,300 Support and ETF Outflows Rattle Traders
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Bitcoin Holds Near $83,300 as $81,300 Support and ETF Outflows Rattle Traders
Bitcoin dropped to roughly $83,300 on October 7, wiping out gains built earlier in the month after the coin had… Read the original on Bitcoin Plummets Near $83,300 as $81,300 Support Tests Traders’ Nerves. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
📉 Bitcoin fell below the $83,000 support level in the morning. 💸 $484.9 million flowed out of US spot $BTC ETFs yesterday; this was the highest daily net outflow since June 25. 🛢️ Brent oil rising to $102 and the US 10-year Treasury yield rising to 5.31% are increasing pressure on risky assets like crypto. Read More: Bitcoin lost critical support! $484.9 million outflow from ETF, eyes on $80,000 The article "Bitcoin lost critical support! $48…
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