#TopCoinsJune2024 Bitcoin price dives to $66k
Why is Bitcoin price down on Tuesday?
The benchmark cryptocurrency’s struggles this week come after spot Bitcoin ETFs snapped a decent 19-day streak of net inflows on Monday. Data showed the sector recorded outflows of about $65 million.
Also on Tuesday, a Bitcoin wallet that had been dormant for more than 5 years, suddenly woke up and transferred 8,000 BTC worth more than $535 million to several addresses, including Binance.
According to Lookonchain, this wallet received 8,000 BTC on December 6, 2018. The price of Bitcoin was $3,810 at the time.