Crypto
Bitcoin Slumps Below $63,000 Amid Mideast Tensions and Weaker ETF Flows
Bitcoin has dropped below $63,000 for the first time since early August, as tensions in the Middle East and weaker US spot Bitcoin ETF flows put pressure on the crypto market. Ethereum is also feeling the pinch, hovering near ₹1.8 lakh.
The slide comes as investors become increasingly cautious ahead of some important Federal Reserve updates this week. Analysts point to a dip in big-money interest and $390 million in net outflows from US spot Bitcoin ETFs, which undo gains from earlier inflows.
Experts suggest that if Bitcoin can hold above $61,000 and bounce back to around $64,000 to $66,000, there's hope for a rebound. However, major altcoins like Solana and Dogecoin are seeing mixed action.