Massive $1.79 billion outflow shakes Bitcoin ETF market! What are institutional investors planning?
Despite strong outflows from US spot Bitcoin ETFs, Bitcoin managed to hold steady above the $60,000 mark on Saturday. In the last 24 hours, Bitcoin rose by 1.44 percent, trading around $60,260. Its daily trading volume reached $30.16 billion, while its market capitalization stood at $1.21 trillion. Controlling 58.1 percent of the total crypto market, Bitcoin continued to set the pace for the broader industry even amid ongoing selling pressure.