Binance Outflows and ETF Selling Weigh In On BTC
Photo: Bitcoinist
TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed. U.S. spot Bitcoin ETFs recorded $643 million in outflows on Friday, adding to pressure on the market. Traders are watching U.S. midterm elections and upcoming employment data for fresh market direction.
Source: Bitcoinist
