On Monday, Bitcoin fell to $60,000, continuing its decline.
The flagship cryptocurrency’s price dropped by more than 4% to $61,211.00. Previously, it had fallen to $60,666.30, its lowest point in more than a month. It has fallen more than 8% in the last week.
Last week, crypto investment products had their lowest global trading activity since the launch of bitcoin ETFs in the United States in January.
“We have already seen $1.2 billion in outflows from crypto ETFs in the previous two weeks, all of which occurred following the FOMC meeting.
Source (CNBC)
