CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-03-20 09:32:44

Bitcoin Suffers Biggest Single-Day Loss Due To ETF Outflows

The post Bitcoin Suffers Biggest Single-Day Loss Due To ETF Outflows appeared first on Coinpedia Fintech News BTC plunged over 8% and dropped to $62,000 on Tuesday, its biggest single-day (UTC) percentage decline since November 2022 due to the FTX collapse. This price correction can be directly linked to the Spot ETF outflows; as per data published by the Investment firm Farside, a net outflow of $326 million from the spot ETFs …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.