**$BTC Bitcoin holds above $62,000 after a red week for ETFs** đđ°
After a difficult week marked by the outflow of capital from exchange-traded funds (ETFs), the price of Bitcoin ($BTC ) has managed to stay above $62,000. This Saturday, October 5, it has appreciated by about 1% and is at around USD 62,200.
According to SosoValue statistics, during the week it is estimated that net outflows from ETFs in the US markets reached about $300 million, breaking a positive streak that had accumulated more than $1.4 billion in inflows the previous week. đ
This setback occurs after three weeks of gains for ETFs, in a context of growing tension in the Middle East, especially due to Iran's attacks on Israel. This situation caused the price of $BTC to drop by more than 5% last Tuesday.
After that drop, the BTC price stabilized around $60,000, beginning a slight rebound since Friday the 4th. It seems that the market is still volatile! đđ„
