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Spot bitcoin ETFs continue strong inflows of $817 million, BTC dips 3.4% The Block 3 days ago

Spot bitcoin ETFs continue strong inflows of $817 million, BTC dips 3.4% 📉

Bitcoin

Bitcoin experienced a 3.4% decline over the past 24 hours, trading at $86,855. This dip is possibly a result of profit-taking by investors.

Despite the decline, spot Bitcoin ETFs have seen significant inflows amounting to $817 million, highlighting continued investor interest and confidence in Bitcoin ETFs.

An analyst from BRN noted that the recent price movements align with profit-taking strategies, which are not uncommon in the volatile cryptocurrency market.

Source: www.theblockcrypto.com ↗

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