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However, the latest outflow may indicate a shift in investor sentiment. While the reasons behind the outflows remain speculative, several factors could be contributing to this cautious approach. At the time of writing, Bitcoin was up 0.86% in the last 24 hours to $64,498, down from a record high of $73,798 set in mid-March. Hong Kong is set to launch spot-crypto ETFs next week, which some view as a potential cause for heightened volatility.
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