Bitcoin ETF Outflows Hit $120M as BTC Price Slipped by $4K Daily

After a few days of hovering above $66,000, bitcoin has dropped to a low of $63,500 amid heightened volatility.

Coincidentally , the amount of outflows from the United States spot Bitcoin exchange-traded funds market on April 24 hit $120 million.that BTC lost roughly 4.5% of its value within a few hours, plummeting from $66,700 to $63,500. Although the leading cryptocurrency had recovered slightly by the time of writing and was changing hands at $64,000, it was still in the red and down 3.8% from its value the previous day.

Meanwhile, analysts have urged the crypto community to remain calm on days when ETFs record zero inflows, as this is a regular occurrence. Bloomberg ETF analyst James Seyffart said the vast majority of exchange-traded funds would have no inflows on any given day, and it is nothing to be worried about.How to Stake Polkadot : The Ultimate Guide

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