Bitcoin slips below $78,000 as ETF outflows and Fed rate call weigh on crypto
- Bitcoin traded near $77,700, down about 0.7% in 24 hours, while Ethereum hovered near $2,500.
- Bitcoin ETFs recorded about $462.7 million in combined recent outflows, signalling weaker institutional demand.
- Markets see an 86% chance of a 25-basis-point US Fed rate hike at its September 16 meeting.
- Analysts see $75,000–$76,600 as key support, while a move above $81,500 could strengthen recovery.
Source: economictimes.indiatimes.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
