Bitcoin took a hit, plunging to $82,352 as traders struggled to maintain the $83,000 support level. A brief bounce to $88,000 offered a glimmer of hope before the price slipped again, reflecting the uncertainty hanging over the market.<\/p>\n
Other cryptocurrencies followed suit, with Ethereum dropping more than 6% and Solana declining by 6.6%. Although Bitcoin showed signs of stabilizing around $82,000, the ongoing selling pressure kept investors on edge. While some panicked, others took the downturn as a chance to make strategic moves.<\/p>\n
Institutional players seemed largely unfazed by the turbulence. Bitcoin ETFs, which initially showed sluggish inflows, made a surprising comeback<\/a><\/strong> as big investors took advantage of the dip. Notably, Fidelity\u2019s FBTC and Ark Invest\u2019s ARK saw significant inflows of $119 million and $130 million, respectively, while BlackRock\u2019s IBIT faced $116 million in outflows. This mixed response highlights a divide between cautious and bullish perspectives among institutional investors.<\/p>\n