📉 Bitcoin experienced a historic decline after the July 4 holiday, with its price falling more than 10% from its pre-holiday level. U.S.-based spot Bitcoin ETFs saw net inflows of $143.1 million on Friday, according to data compiled by Farside Investors. This is the highest entry level seen in at least two weeks. 🚀

Leading the way was Fidelity's Wise Origin Bitcoin Fund (FBTC), which received a net $117.4 million in new money. Other funds with net inflows were Bitwise Bitcoin ETF (BITB), ARK/21 Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL).

Looking at Bitcoin's price action, it experienced a very small bounce from almost $61,000 on Wednesday, dropping below $54,000 early Friday and is currently back at $56,800. That's down 6% from week-ago levels and nearly 23% below the all-time high of $73,500 set in mid-March.

The culprit for this latest decline is the bankrupt Mt. Gox exchange trustees have begun the process of returning 140,000 Bitcoins to former customers, and the German government has begun selling at least some of the thousands of Bitcoins it holds.

What do you think about this? We are waiting your comments! 👇👇