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Bitcoin Price to Crash 13% to $50k Amid Lower ETF Demand, Liquidity

Bitcoin has fallen past the ETF purchase price of around $58,000, putting over half of ETF positions underwater, Standard Chartered wrote.

By: Business Insider

May 06 2024
13
4472 Views

Bitcoin's break below $58,000 on Wednesday clears a path for it to fall as low as $50,000, Standard Chartered said in new research. The crypto's decline has been driven by rising ETF outflows and falling US liquidity levels. But the firm has long bee... [2733 chars]

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