Bitcoin Dips, Altcoins Plummet; BlackRock's IBIT Sees Outflows

Bitcoin plummets to ninety-one thousand, two hundred dollars, following a weekly high of ninety-four thousand, two hundred dollars, as BlackRocks Bitcoin ETF sees significant outflows. The crypto market, including Ether, struggles amidst low market sentiment and reduced leverage in futures trading. Despite this, Bitcoin options show a sustained bullish bias, with traders willing to pay a premium for potential upward movement. Altcoins also underperform, with the CoinDesk twenty index and memecoin index sliding, indicating a broader trend of quiet price action.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.