Crypto news: Bitcoin falls below $70k 📉Will crypto slide again?
Cryptocurrencies rebounded sharply last Friday after record sell-offs that pushed Bitcoin down to $60k and triggered a record wave of liquidations of long positions across the altcoin market as well. Over the weekend, volatility was muted after the strong rally, and on Monday we are seeing Bitcoin slide back below $70k. Ethereum is trying to hold above $2,000.
- Inflows into ETF funds remain very limited, while options market activity points to demand for hedging and potentially restraining strong price upside. On Friday, BTC ETFs recorded more than $350m of net inflows, while ETH saw net outflows of more than $20m. Historically, during bear markets Ethereum has underperformed Bitcoin, and it appears that the…
