Bitcoin Dives Amid ETF Outflows and Macro Uncertainty

The cryptocurrency market saw a decline in value, driven by a reversal of exchange-traded funds (ETF) inflows and macro uncertainty. According to trading data, Bitcoin (BTC) dropped from its peak price of $68k to around $64k, resulting in a total market capitalization of $2.19 trillion.

The sudden outflow of over $200 million from spot Bitcoin ETFs indicates that institutional momentum has reversed, removing a key support for recent stability. This shift is reflected in the decline of several major altcoins, with Stacks (STX) falling 13.36% after being placed under a Monitoring Tag by Binance.

The Federal Reserve's policy decision on July 29 will be closely watched as it may influence broader liquidity expectations and potentially impact market performance.