đBitcoin price #bitcoin is under severe pressure:
âïžAfter a relatively quiet weekend, Bitcoin #BTC. trended sharply lower over the past 12 hours, with the price of the coin falling to a monthly low of $64,000.
âȘThese declines coincided with an increase in outflows from Bitcoin ETFs, which pushed the price to a sharp decline.
Over the past week, Bitcoin tried to cross the $70,000 barrier several times, but failed.
đ”The latest attempt also came after the release of positive CPI data on Wednesday, which pushed Bitcoin #BTCđ„đ„đ„đ„đ„ to rise from less than $67,000 to $70,000 in a few minutes.