Bitcoin Takes a Dip, But Long-Term Optimism Shines đ
Bitcoin enthusiasts, hold onto your hats! đ© BTC's price has taken a nearly 10% dive this week, largely due to significant outflows from spot Bitcoin ETFs in the U.S. Despite this, there's still a silver lining for the crypto giant.
The recent downturn follows a period of strong demand for BTC ETFs, which saw inflows for 12 out of 14 days leading up to August 27. However, the tide turned last week with major withdrawals, including $127.1 million on Tuesday and a whopping $175.6 million on Friday.
Even though BTC's price tumbled to around $58,000, long-term prospects remain bright. đ Stay optimistic, Bitcoiners!
