Bitcoin

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<p>The post <a href="https://coinpedia.org/crypto-live-news/bitcoin-suffers-biggest-single-day-loss-due-to-etf-outflows/" rel="noopener noreferrer nofollow">Bitcoin Suffers Biggest Single-Day Loss Due To ETF Outflows</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>BTC plunged over 8% and dropped to $62,000 on Tuesday, its biggest single-day (UTC) percentage decline since November 2022 due to the FTX collapse. This price correction can be directly linked to the Spot ETF outflows; as per data published by the Investment firm Farside, a net outflow of $326 million from the spot ETFs was recorded. On Monday, Grayscale’s ETF witnessed a record outflow of $643 million. The BTC price has been down by 15% from its new ATH of $73,500. Ether (ETH), the second largest, peaked at around $4,000 but declined to $3,130, probably due to the spot ETF approval delay.</p>

Bitcoin Suffers Biggest Single-Day Loss Due To ETF Outflows

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