Bitcoin slides below $70K amid thin liquidity, ETF outflows

Bitcoin slides below $70K amid thin liquidity, ETF outflows

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin fell below $70,000 on Friday, extending its recent decline as investor sentiment deteriorated amid institutional outflows, tightening liquidity and broader macroeconomic pressures.  Bitcoin (BTC) is trading at $68,607.23 at the time of writing, down 9.2% in the last week, according to CoinGecko.

The decline coincided with a sharp decline in market sentiment.

The Crypto Fear & Greed Index fell to 20 on Friday, its lowest reading in more than four months, putting it in “extreme fear.” The index last reached that level on July 8.

Source: CoinGecko Vikram Subburaj, CEO of crypto exchange Giottus, attributed Bitcoin’s weakness to institutional outflows, tightening crypto liquidity and expectations of a December Federal Reserve interest rate hike.

“Investors should avoid chasing short-term dips or using excessive leverage,” he said.  In a Friday report, 10x Research highlighted Bitcoin’s divergence from US equities.

12, Bitcoin declined 5.9% while the Nasdaq 100 gained 6.4%, suggesting the cryptocurrency was responding more to rising Treasury yields and a stronger US dollar than to technology stocks.

The research firm said Bitcoin was increasingly trading alongside gold, which fell 5.5% over the same period, as the US 10-year Treasury yield climbed above 5%.

Analiz: Piyasa hareketliliği devam ediyor.