🐉
Bitcoin just printed a fresh low since August
👉 BTC slid to $72,234 on Binance, below the Nov 10 low of $72,727, and now trades around $72,600, down 1.5% on the day
👉 ETH is close behind at $2,010, sitting just above the $2,000 line, down about 2% in 24 hours
👉 US spot Bitcoin ETFs lost $299.9M on Wednesday, a fifth straight day of outflows totalling about $1.44B since Nov 5
👉 Risk appetite stays weak as Nvidia shares slide on reports its board is preparing to remove CEO Jensen Huang, while markets price around a 90% chance of a Fed hike in December
👉 If $72,000 fails, analysts point to $68,000 as the next level down
#BinanceSquare #Bitcoin #Crypto #BTC #Ethereum
The selloff is extending, not reversing, for now.
Bitcoin just printed a fresh low since August
👉 BTC slid to $72,234 on Binance, below the Nov 10 low of $72,727, and now trades around $72,600, down 1.5% on the day
👉 ETH is close behind at $2,010, sitting just above the $2,000 line, down about 2% in 24 hours
👉 US spot Bitcoin ETFs lost $299.9M on Wednesday, a fifth straight day of outflows totalling about $1.44B since Nov 5
👉 Risk appetite stays weak as Nvidia shares slide on reports its board is preparing to remove CEO Jensen Huang, while markets price around a 90% chance of a Fed hike in December
👉 If $72,000 fails, analysts point to $68,000 as the next level down
#BinanceSquare #Bitcoin #Crypto #BTC #Ethereum
The selloff is extending, not reversing, for now.