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After two consecutive days of positive inflows, U.S. spot Bitcoin ETFs saw net outflows of $18.66 million on Tuesday.
Bitcoin is facing selling pressure in the U.S., with its price hovering around $62,000.
A U.S. city is raising alarms about the negative impact of a nearby Bitcoin mining operation.
Last week, Bitcoin (BTC) saw a sharp decline of nearly 10%, primarily driven by rising geopolitical tensions in the Middle East.
Financial educator and author Robert Kiyosaki has raised alarms about the state of the U.S. economy, warning that the nation, despite its status as the largest global economy with a GDP of around $29 trillion, is on a downward path.
Bitcoin (BTC) has surged more than 40% this year, outperforming major stock indices, bonds, gold and even oil, which has been rising recently due to geopolitical tensions.
Despite China’s recent decision to end further economic stimulus, Bitcoin (BTC) and the broader cryptocurrency market could soon experience increased liquidity.