Why is Bitcoin price going down today, October 20?
Photo: crypto.news
Bitcoin price has fallen 1.2% over the past 24 hours on October 20, as weak institutional demand and renewed selling has brought last week’s recovery to a standstill. Bitcoin price fell 1.2% to around $81,730 on October 20 as weak ETF demand and selling pressure prevented BTC from holding above $82,000. U.S. spot Bitcoin ETFs recorded roughly $228.6 million in weekly outflows, while concerns over inflation and the Federal Reserve's next interest rate decision continued to weigh on the market.
Also reported by CaptainAltcoin.
Source: crypto.news
