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Bitcoin, ether slide amid ETF outflows, dollar strength
The Block·
Bitcoin has fallen below $67,000 and ether below $2,000, pressured by renewed U.S. spot ETF outflows and a strengthening dollar. Analysts indicate that rising yields and dollar strength are tightening liquidity, particularly ahead of a significant geopolitical window. The cryptocurrency market's direction appears increasingly tied to macroeconomic factors such as oil prices, interest rates, and global conflicts. This correlation suggests that broader economic and political stability will be crucial for any potential recovery in digital asset prices.
Tags
crypto
fintech
macro
Original Source
The Block — theblock.co