Bitcoin is trading around $75,850, little changed over the last 24 hours (down about 0.3%), after moving between about $74,900 and $76,400.
$BTC
The post-midterm bounce is gone — Thursday's 5.5% slide in US tech stocks spilled into crypto, with over $1.27 billion in leveraged positions liquidated in a day, mostly bullish bets.
US spot bitcoin funds saw $430 million in net outflows on Thursday, led by Fidelity at about $200 million, and bitcoin briefly slipped below $75,000 on Friday — its first time under that level since August — after a stronger-than-expected US jobs report.
To watch: whether $75,000 holds as support, and whether the fund outflows ease — BlackRock's fund has now seen five straight sessions of outflows.
$BTC
The post-midterm bounce is gone — Thursday's 5.5% slide in US tech stocks spilled into crypto, with over $1.27 billion in leveraged positions liquidated in a day, mostly bullish bets.
US spot bitcoin funds saw $430 million in net outflows on Thursday, led by Fidelity at about $200 million, and bitcoin briefly slipped below $75,000 on Friday — its first time under that level since August — after a stronger-than-expected US jobs report.
To watch: whether $75,000 holds as support, and whether the fund outflows ease — BlackRock's fund has now seen five straight sessions of outflows.
