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Crypto

Bitcoin Stuck at $64K Amid $225M ETF Outflow

Guavy AI Editorial Team
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Bitcoin's price has been hovering around $64,000 after a significant outflow of $225 million from spot Bitcoin ETFs. The main culprit behind this outflow is Blackrock's IBIT fund, which ended a week-long inflow streak.

The Crypto Fear & Greed Index remains in the fear zone at 27, indicating investor caution despite Bitcoin's recovery from early July lows.

Ethereum also declined, but ether ETFs saw inflows, highlighting a divergence in investor interest. The total crypto market cap fell 1.1% to $2.28 trillion, with Bitcoin dominance steady at 56.4%.

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