Bitcoin Price Dips To $68K As Mt Gox Transfers $2.2 Billion, BTC ETF Outflows Surge, And Experts Say Consider This V2E Crypto With 1,326% APY
The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $68,611 as of 03:28 a.m. EST on trading volume that surged 23% to $41.62 billion. This comes as Mt.Gox moved another $2.2 billion worth of Bitcoin on Monday, identified through wallets tracked by blockchain analytics firm Arkham Intelligence . Bitcoin briefly slid below $68,000 during Asian market trading but has since clawed back losses. Meanwhile, US spot Bitcoin ETFs (BTC ETF) reported $541 million in net outflows on Nov. 4, the second-largest daily outflow since launch in January. Fidelity’s FBTC recorded the highest outflows at $169 million. 🚨BREAKING: Yesterday, the Spot #Bitcoin ETF had an outflow of $541.07 million, the second-largest outflow in its history.⚠️ pic.twitter.com/iZTTRRlMHU — Dz_4L🐋 (@DZ_Trader4L) November 5, 2024 Bitcoin Price On A Sustained Bullish Trend The Bitcoin price recently tested the upper boundary of the rising channel pa...