✉news BusinessCrypto first seen 16 h ago, last 11 h ago, peak #18
Bitcoin Falls Below $83,000 as ETF Demand Weakens
Original: BTC/USD: Bitcoin Slips Below $83,000 as ETF Demand Weakens
Bitcoin has dropped below $83,000 against the US dollar, with weakening demand for spot exchange-traded funds cited as a key driver of the decline. The pullback marks a notable slide for the cryptocurrency, and market watchers are looking to ETF inflows as a gauge of institutional appetite amid broader pressure on crypto prices.
Why now: Traders and investors are reacting to Bitcoin breaking a key price level amid fading institutional demand.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1456611