Bitcoin Slips as ETF Outflows and Rate Hike Bets Weigh on Price
Bitcoin's price remains under pressure as it trades around $77,600 on Wednesday after slipping 1.45% the previous day.
The US-listed spot ETFs recorded an outflow of $236 million on Tuesday, indicating caution among investors.
Rising energy prices amid fresh US-Iran tensions and growing expectations for Fed interest rate hikes could weigh on BTC's upside.
Bitunix Analyst Dean Chen says the current weakness looks like a liquidity-driven correction rather than a structural breakdown.