There is a risk that bitcoin will fall following Treasuries.
 | On Tuesday, the token fell 3.2% to a one-week low and is hovering at $67,780 on the London exchange. Thus, bitcoin fell more than 2.5% to below $68,000. In mid-March, bitcoin was trading at a peak of $73,798 due to inflows into specialized U.S. exchange-traded funds. But it has struggled to make new highs over the past three months, and the lack of progress is alarming, as even significant inflows into BTC-ETFs have so far failed to turn the tide. According to experts, the next 6 hours will be crucial for this asset. BTC-ETFs have seen $15.6 billion injected into them since their launch in January, but already this Monday, $65 million was withdrawn from these funds. [link] [comments] |
