Bitcoin Reclaims $78,000 as US ETFs Log a Third Straight Day of Outflows

Bitcoin reclaimed the $78,000 level on Tuesday, November 4, even as the twelve U.S. spot Bitcoin exchange-traded funds logged a third consecutive session of net redemptions. The funds shed $115.6 million on Monday, November 3, per Farside Investors data, bringing the three-session total to roughly $1.16 billion since October 30. Bitcoin nevertheless traded near $78,317, up about 1.8% over 24 hours, after Democrats secured control of both chambers of Congress in Tuesday’s midterm elections. The redemptions began the session after the disclosure of the $6.3 billion Binance theft , which unsettled confidence in exchange custody.

Source: Blockchain Reporter