Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
CoinDesk
Bitcoin dropped to $74,300 amid a significant $2.26 billion exodus from U.S. spot Bitcoin ETFs over the last two weeks.Summary
Bitcoin fell to $74,305, its lowest level since April, marking a 10% decline from its recent highs. This downturn coincides with $2.26 billion in outflows from U.S. spot Bitcoin ETFs over the past two weeks, the largest such withdrawal period since January. The market decline is attributed to rising U.S. Treasury yields, which dampen interest in risk assets, alongside a shift in speculative capital toward commodities and potential investments in the upcoming SpaceX IPO.
(Source：CoinDesk)