Bitcoin Plunges 30%: Institutions Stay Away

Bitcoin and Ether face significant declines, with Bitcoin dropping over six percent and Ether by more than seven percent. This comes despite a favorable political climate and increased interest from financial institutions. The total market value of cryptocurrencies has seen a one point five trillion dollar reduction due to liquidations. Institutional investors seem hesitant to buy, with nine hundred three million dollars in net outflows from Bitcoin ETFs. This suggests a strong shift in investor sentiment, indicating many are pulling back rather than buying in.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.