Bitcoin has fallen below $75,000 as continued withdrawals from U.S. spot exchange-traded funds, heavy leveraged liquidations and renewed geopolitical concerns put pressure on cryptocurrency prices ahead of Tuesday’s U.S. inflation report.
Summary
- Bitcoin price fell below $75,000 as institutional ETF withdrawals and leveraged liquidations pressured cryptocurrency market prices.
- U.S. spot Bitcoin ETFs recorded $1.28 billion in net withdrawals during November’s first trading week.
- BlackRock’s IBIT accounted for approximately $1.21 billion in withdrawals across five trading sessions last week.
- Cryptocurrency liquidations exceeded $1 billion during Sunday’s volatility,…
