Bitcoin Falls Below $90K Amid ETF Outflows and Fed Rate Cut Expectations
Bitcoin experienced a price decrease, falling below $90,000 following a surge in early January. This downturn coincided with significant outflows from Bitcoin ETFs, totaling $480 million. According to reports, the crypto market's fluctuations are being driven by anticipation surrounding potential Federal Reserve rate cuts and a rally observed in global government bonds. The market is reacting to macroeconomic factors influencing investor sentiment.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.