BTC Maintains $70K Despite Heightened GBTC Outflows, WIF Plummets Again (Market Watch)

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Bitcoin’s price slipped to and under $70,000 yesterday, but the asset has reclaimed that level despite the growing outflows from Grayscale’s BTC ETF.It was just a little over a week ago when the price of primary cryptocurrency tumbled hard amid reports that the US government plans to sell more BTC. The asset had fallen to $64,500 at the time.

However, it began its recovery a day later, and despite the initial resistance, Bitcoin had gained around five to six grand by the end of the business week and stood at approximately $69,000 during the weekend.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Nevertheless, that was short-lived, and the asset started to lose traction on Tuesday and Wednesday.

WIF has lost the most value out of the top 100 alts. The popular meme coin is down by 10% and sits below $3.5. Recall that it had soared past $4 just a few days ago.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

 

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