#BTC
The reason isn't just one thing; it's a buildup of pressures. First off, ETF funds saw an outflow of sixty-eight million dollars in just the last two days, marking the sixth consecutive institutional withdrawal. Secondly, the market is anticipating a tightening from the Fed, with half of the traders now expecting an interest rate hike, contrary to the earlier predictions of cuts at the start of the year. Thirdly, the collapse of AI stocks by ten percent has dampened risk appetite overall, and Bitcoin always moves with risk assets during panic.
The reason isn't just one thing; it's a buildup of pressures. First off, ETF funds saw an outflow of sixty-eight million dollars in just the last two days, marking the sixth consecutive institutional withdrawal. Secondly, the market is anticipating a tightening from the Fed, with half of the traders now expecting an interest rate hike, contrary to the earlier predictions of cuts at the start of the year. Thirdly, the collapse of AI stocks by ten percent has dampened risk appetite overall, and Bitcoin always moves with risk assets during panic.