Bitcoin Drops Nearly 20% in a Week to Lowest Since October 2024
Bitcoin dropped nearly 20 percent over the week to its lowest level since October 2024. Institutional selling and ETF outflows contributed to the decline.
marketwatch.comBitcoin reached its lowest price level since October 2024 after falling nearly 20 percent during the week. The decline occurred amid institutional investors selling holdings and a positive jobs report, according to The American Conservative. CNBC reported that pressure on Bitcoin is building from liquidations, ETF outflows and fading corporate-treasury bets.
The selloff accelerated as those three factors converged on the largest cryptocurrency by market value.
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