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Bitcoin Slides Toward $77K as ETF Outflows and Macro Fears Mount

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The Story

News Summary

  • Bitcoin and altcoins slid as macro headwinds intensified, including surging Brent crude, rising Fed rate-hike odds, and Treasury yields approaching 5%.
  • Consecutive spot Bitcoin ETF outflows totaling $166.8 million and over $270 million in liquidated long positions compounded the downward selling pressure across crypto assets.
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