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BTC Price Retraces to $66K as Spot Bitcoin ETFs Break Inflow Streak (Market Watch)

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On the day that all eyes were on Ethereum due to the launch of numerous spot ETFs tracking ETH, bitcoin’s price dropped from over $67,000 to under $66,000 before recovering to the latter.

Although the weekends are generally less volatile, this one wasn’t due to more political developments on the US presidential election front. Joe Biden announced he would withdraw from the 2024 race, which led to an immediate $2,000 price drop for BTC on Sunday.

 

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