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Bitcoin ETFs are facing a tumultuous period, with record outflows reaching $937 million in a single day, marking the largest withdrawal since January 2024. This trend has resulted in a staggering total of over $2 billion pulled from these funds in just six days, as investor sentiment shifts amid falling Bitcoin prices. Meanwhile, Strategy's stock is down 55% from its all-time high, raising concerns about forced liquidations. In contrast, Binance's CEO reassures that the recent market dip is merely a tactical retreat rather than a sign of structural weakness. Additionally, the XRP Ledger is gearing up for significant upgrades aimed at enhancing institutional DeFi capabilities, allowing banks to trade real-world assets securely.

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The global crypto market cap is $2.89 trillion, with a 24-hour volume of $130.18 billion. The price of Bitcoin is $87,548.78, and BTC market dominance is 59.9%. The price of Ethereum is $2,428.53, and ETH market dominance is 10.1%. The best-performing sector is Communication, which gained 20%. The Crypto Fear & Greed Index is currently Extreme Fear (21).

Bitcoin ETFs see record $937 million outflow amid 6-day negative flow streak

The Bitcoin ETFs are on a six-day outflow streak that has led to the withdrawal of more than $2 billion from these funds.

📰 Top News

Strategy stock is down 55% from ATH but forced liquidations highly unlikely – Kobeissi

Strategy's leverage strategy faces scrutiny as the company juggles significant debt amid falling Bitcoin prices.

Crypto market dip is a tactical retreat, not a trend reversal – Binance CEO

Despite the recent crash, the movement aligns with previous cycles and does not represent structural weakness, says Richard Teng.

XRP Ledger plans big upgrades to facilitate institutional DeFi

XRPL's tokenization tools empower banks to trade real-world assets and utilize stablecoins within secure, decentralized financial markets.

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