Bitcoin price today: BTC reclaims $76K despite $430M ETF outflows
Photo: crypto.news
Bitcoin price has recovered above $76,000 on Friday, November 6, after a selloff in US technology stocks and $430.2 million in spot Bitcoin ETF withdrawals pushed the cryptocurrency below that level during Thursday's trading session. Bitcoin price recovered above $76,000 after technology stocks plunged and leveraged cryptocurrency liquidations exceeded $1 billion. US spot Bitcoin ETFs lost $430.2 million Thursday, with Fidelity and BlackRock leading fund withdrawals. CryptoQuant reported spot selling exceeded buying on Binance and Coinbase as Bitcoin demand remained weak. Bitcoin price faces resistance near $77,900, while losing $75,300 could expose further declines toward $72,000 next.
Source: crypto.news
