Bitcoin Stabilizes After $630M ETF Outflow — Market Talk
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Bitcoin is up 0.7%, back over the $80K mark as the market rights the ship following steep selling seen yesterday. According to data from Coinglass, bitcoin ETFs recorded outflows of a combined $630.4 million. It makes it four out of the past five days that ETFs recorded a net outflow, coming after an extended streak of inflows that boosted prices. Yesterday's outflow is among the largest recorded this year, says Konstantinos Chrysikos of Kudotrade in a note. "The cryptocurrency could continue to face increasingly less supportive macro conditions," says Chrysikos. Other major cryptocurrencies are rising, with ethereum up 0.1% to $2,264, XRP up 2.1% to $1.45, solana up 0.2% to $91.36, and cardano up 1.2% to 27 cents. (kirk.maltais@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260514007713:0/
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