Crypto
Bitcoin Dips Below $77K Amid High Market Sentiment and ETF Outflows
Bitcoin's price took a hit over the weekend, dipping below $77,000 to around $76,725 during Sunday trading. The decline was largely attributed to rising treasury yields and expectations of sustained high interest rates.
The market sentiment briefly reached an 'extreme greed' level not seen since March 2024, reflecting strong investor enthusiasm. However, this sentiment has since cooled down.
In other news, U.S. spot Bitcoin ETFs saw $462.7 million in withdrawals from September 8-11, with significant outflows from ARK 21Shares and BlackRock funds.