Bitcoin drops below $82,000 as US spot ETFs see $635 million in outflows

invezz.com (Portuguese) —

Bitcoin fell below $82,000 during Asian trading on Friday, pressured by renewed selling in global markets, as US spot Bitcoin ETFs recorded $635 million in outflows. The cryptocurrency dropped 1.3% to $81,623, extending losses after a sharp selloff in US stocks on Thursday. The outflows ended three consecutive sessions of positive ETF flows, signaling a reversal in institutional demand amid rising Middle East tensions and higher oil prices. Broader market pressure came from a 2.6% decline in the Nasdaq and a 6.7% drop in the Philadelphia Semiconductor Index. Brent crude rose 3.7% to $112 per barrel, fueling inflation concerns ahead of US midterm elections.


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Bitcoin drops below $82,000 as US spot ETFs see $635 million in outflows | News Minimalist