Bitcoin ETFs shed $1.3B over 2 weeks amid market slump

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Despite Bitcoin ETFs shedding, analysts maintain a bullish outlook for the price of Bitcoin in the coming months.

Bitcoin ETFs have seen outflows of $1.3 Bitcoin in the last two weeks of trading, but analysts expect markets to rally higher in the coming months.

Jonathan de Wet, chief investment officer at digital asset trading firm ZeroCap told Cointelegraph that while “the bleed continues” across the wider crypto market — he expects the price of Bitcoin to fall to its “key support” level at around $57,000 in the coming weeks amid Mt. Gox creditor repayments.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines