Crypto
Bitcoin Price Reverses Despite Institutional Demand Surge
Bitcoin ETF inflows have surged to $3.8 billion over a three-week period, marking their strongest such stretch in 2026.
The surge in fund demand failed to prevent a price reversal on Friday, as strong U.S. employment data raised interest-rate concerns and pressured risk assets.
Bitcoin traded near $80,000 as the rate expectations weighed on the cryptocurrency's value.
Analyst Ted Pillows noted that Bitcoin's price had fallen below its 50-week moving average again, which could strengthen the case for a deeper correction if the price closes below it again.