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Cumulatively, GBTC’s outflows have reached $ 13.63 billion. In contrast,BlackRock’s Bitcoin spot ETF IBIT has experienced a notable inflow of $ 233 million
Bitcoin, which had been on a bullish trend, saw its value drop from $ 73,000 to below $ 68,414 at press time, marking a 6.80% decrease. This abrupt shift in the crypto landscape occurred amid concerns surrounding inflation and its potential impact on the broader financial markets.
Bitcoin, the pioneering cryptocurrency, alongside other major altcoins like Ethereum [ETH], Dogecoin [DOGE], Ripple [XRP], and Solana [SOL], experienced significant declines.