Bitcoin’s weekend test is whether the $58,000 drop was exhaustion or acceptance
Bitcoin enters the weekend near $60,000 after sticky inflation, heavy ETF outflows, and a failed defense of the $59,000-$62,000 zone
Bitcoin ETFs are yet to recover from their consistent weekly outflows and they have just seen the biggest outflow since they launched in January 2024
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Bitcoin enters the weekend near $60,000 after sticky inflation, heavy ETF outflows, and a failed defense of the $59,000-$62,000 zone
22 trillion to $2 trillion between June 22 and June 22 as Bitcoin price fell to $58,000, with this drop adding to the woes facing Strategy after a law firm revealed it is.
One analyst said there's no evident demand for BTC at the moment, another pointed to the ETFs
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