Bitcoin drops 3.6% to $61,860 as global sell-off and record ETF outflows pressure crypto markets
By
Terence Zimwara
Summary
Bitcoin dropped 3.6% in 24 hours, falling to an intraday low of $61,860 before finding support just above $62,000. The decline wiped nearly 3% off the total crypto market cap, with Bitcoin's market cap falling to $1.25 trillion. The sell-off was driven by a broader global market downturn and record ETF outflows, with experts warning of resistance ahead of a $10.6 billion options expiry.
Source
Twitter / XBitcoin drops 3.6% to $61,860 as global sell-off and record ETF outflows pressure crypto marketsnews.bitcoin.comKey quotes
· 3 pulledBitcoin dropped roughly 3.6% in 24 hours, hitting an intraday low of $61,860 before finding support just above $62,000.
This slide dragged its market capitalization down to $1.25 trillion and wiped nearly 3% off the total crypto market cap.
Experts warn of a hard ceiling ahead of the $10.6B options expiry.
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