Yesterday's decline in cryptocurrencies came as massive outflows from spot Bitcoin ETFs, led by Grayscale Bitcoin Trust (GBTC), continued to be recorded, in conjunction with the absence of sufficiently encouraging news for the market.
GBTC recorded outflows worth $640 million yesterday alone. The reason for this huge amount is that the bankrupt crypto exchange, FTX, continues to liquidate its assets.
[
add
]
[
|
|
...
]