Why Bitcoin Price Fell Below $96,000

FarSide data shows that US investors pulled more than $671.9 million out of Bitcoin ETFs in a single day after Federal Reserve Chairman Jerome Powell’s remarks, the largest daily outflow in the fund’s history. Among them, Fidelity and GrayScale ETFs experienced the largest outflows, with $208.5 million and $188.6 million, respectively.

This event caused the price of Bitcoin to fall from $105,000 to below $96,000.

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