Bitcoin stuck below $80,000 as leveraged longs unwind, altcoins slide
Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins....
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Bitcoin ETFs Shed $630M in Largest Daily Exit Since January
Bitcoin spot ETFs experienced their largest daily outflow since January with $630 million withdrawn, as BTC fell 1.59% to $79,525. The sell-off triggered broader crypto market declines, with Ethereum down 2.07% and altcoins bleeding 3-10%. This signals weakening institutional appetite despite earlier bullish positioning, potentially pressuring prices further as Indian retail investors assess entry points amid volatility.
Solana drops 5%, bitcoin below $80,000 as Xi warns Trump on Taiwan conflict
Bitcoin dropped below $80,000 to $79,200 as geopolitical tensions flared during Trump-Xi talks on Taiwan, alongside back-to-back inflation surprises. Solana led losses with a 5.6% decline to $90, while Ether fell 2.1%. The sell-off undercuts structural crypto tailwinds from expected Fed rate cuts. Traders watch $78,000 as the next critical support level for Bitcoin's recovery trajectory.