$BTC Bitcoin has experienced major volatility over the last few weeks, seeing sharp corrections that pushed its price below the psychologically vital $63,000 and $60,000 marks, hitting local lows near $61,165.
Key Downward Pressures: The recent correction has been fueled by a mix of macroeconomic and market factors, including massive outflows from U.S. Spot Bitcoin ETFs (with billions exiting the market) and broader risk-off behavior driven by a hawkish stance on interest rates from the Federal Reserve.
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BTC
65,939.87
-1.44%