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Bitcoin trades near $78,000 after ETF outflows, short-term recovery eyed

Bitcoin trades near $78,000 after ETF outflows, short-term recovery eyed
Source: rande-academy.cz

Bitcoin is seeking to stabilize around $78,000 on November 1, following a volatile October that saw the leading cryptocurrency fall below $77,000 and erase much of its earlier gains. ETF outf

Summary

  • Markets Bitcoin is seeking to stabilize around $78,000 on November 1, following a volatile October that saw the leading cryptocurrency fall below $77,000 and erase much of its earlier gains.
  • Bitcoin is seeking to stabilize around $78,000 on November 1, following a volatile October that saw the leading cryptocurrency fall below $77,000 and erase much of its earlier gains.
  • ETF outflows intensify as institutional demand softens BTC hovered close to $78,017, up 0.7% over 24 hours as of early Thursday, bouncing back from Friday’s low near $76,314.
  • spot Bitcoin ETFs recorded significant net outflows, with $643.2 million withdrawn on October 30 alone.
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