$BTC Price Today
BTC price chart showcased a roughly 1.5% decline in value and is now trading at $62,689. The flagship crypto’s 24-hour low and high were recorded as $62,152.55 and $64,443.71, respectively. This slumping action comes despite $235.19 million inflows in Bitcoin ETFs as of October 7, raising market concerns. Meanwhile, BTC’s market cap rested at $1.24 trillion today
Notably, the coin’s market dominance remained the same over the past day, standing at 56.77%. Further, it’s noteworthy that BTC may witness increased selling pressure ahead as the US government could sell nearly 69,000 BTC, CoinGape Media reported
Additionally, Bitwise Head of Alpha Strategies Jeff Park recently indicated that the kickstart of the Bitcoin ETF options could bring significant turbulence to the flagship crypto
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