finance
Bitcoin Dips Below $60,000 in Volatile Week as Spot ETFs See Net Inflows
Bitcoin traded at $59,668 on Thursday, its first close under $60,000 since October 2024. The decline marks the cryptocurrency's steepest weekly drop since November 2022.
Jun 5, 3:40 PM·1m read1 source
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Bitcoin traded at $59,668 on Thursday, falling below $60,000 for the first time since October 2024 and extending losses in its worst week since November 2022. 054585 on the same day. 56 billion.
The figures reflect positions closed during the price decline. 3 million into spot Ethereum ETFs on Thursday. The inflows occurred on the same day Bitcoin crossed below the $60,000 level.
The price action leaves Bitcoin on track for its largest weekly percentage decline since the period surrounding the November 2022 collapse of FTX.
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