Bitcoin struggles around $80,000 as ETF outflows increase, uncertainty grows

Bitcoin faces another crucial test as it moves near the $80,000 mark, following a failed attempt to reclaim higher levels earlier in the week. The leading cryptocurrency saw its price reach around $80,500 on October 24, marking a continued pullback from Wednesday’s short-lived rally and highlighting increased selling pressure and uncertainty in the market regarding U.S. interest rates. Market analysts are closely watching Bitcoin’s ability to maintain support above $80,000, amid concerns that a further breakdown could trigger deeper declines.

Source: CoinTurk News