Bitcoin experienced a temporary dip below the $93,000 threshold on Monday, marking a 3% decline in its value. This downturn coincides with a significant $438 million outflow from U.S. spot Bitcoin ETFs, signaling potential investor apprehension. The substantial withdrawal from these financial instruments may reflect growing concerns over the stability and future prospects of the cryptocurrency market. As regulatory scrutiny intensifies globally, the market faces increasing pressure, potentially leading to further volatility and uncertainty in the near term.
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