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Bitcoin Slips Below $84,000 Amid ETF Outflows

Original: Bitcoin Falls Back Below $84,000 as Oil Rebounds and ETF Outflows Hit $681 Million Bitcoin reversed early gains as oil r

Bitcoin reversed early gains and fell back below $84,000 as oil prices rebounded past $92 a barrel. The decline came as spot bitcoin exchange-traded funds recorded $681 million in outflows last week, their largest weekly withdrawals since June, adding to pressure on the cryptocurrency market.

Why now: Large ETF outflows and bitcoin's fall below a key price level are prompting concern among investors about weakening institutional demand.

Bitcoinspot bitcoin ETFsoil

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Evidence

• Bitcoin Falls Back Below $84,000 as Oil Rebounds and ETF Outflows Hit $681 Million Bitcoin reversed early gains as oil recovered past $92. Spot bitcoin ETFs saw $681 million in outflows last week, the most since June. https:// newisty.com/blog/bitcoin-falls… · newisty

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