Bitcoin spot ETF has seen net outflows for 4 consecutive days! BTC falls below 65,000, Ethereum loses $3,500

This site (120btC.coM): After Bitcoin (BTC) turned V and rushed to 68,200 on the 21st, selling pressure gradually emerged and continued to fluctuate and fall throughout the day. Today (22) The lowest price was close to US$64,500 around 4 a.m.; it was currently trading at US$65,700 before the deadline, down 3.12% in the past 24 hours.

Bitcoin spot ETFs have had net outflows for 4 consecutive days

According to Lookonchain’s analysis, the buying and selling situation in the Bitcoin trading market shows that on March 21, 9 Bitcoin spot ETFs reduced their holdings by a total of 4,413 BTC, with a net outflow of approximately US$295 million. It is particularly worth noting that Grayscale has reduced its holdings of the largest number of Bitcoins, approximately 6,899 BTC.

The Bitcoin spot ETF experienced net outflows for the fourth consecutive day, with net outflows from the 18th to the 21st exceeding US$1 billion. If net outflows persist, Bitcoin prices could fall further.

Ethereum fell below 3,500 US dollars

The fluctuations of Ethereum (ETH) were relatively small, and it was currently trading at 3,486 US dollars before the deadline, nearly 24 It fell 1.13% hourly.

The rise and fall of the top ten tokens

CoinMarkeCap ​​data shows that the top ten currencies have seen mixed gains and losses in the past 24 hours. The biggest increases were XRP and BNB, which rose 3.65% and 3.65% respectively. 2.47%; the biggest decline was SOL, which fell by more than 7.2%.

U.S. stocks hit record highs again

However, in the traditional market, with the announcement of the U.S. Federal Reserve’s (Fed) interest rate cut strategy as expected and the latest economic data, the four major U.S. stock indexes It continued to be bullish on the 21st and reached a new high.

The four major U.S. stock indexes on Thursday (21st):

• The U.S. Dow Jones Index rose 269.24 points, or 0.68%, to close at 39,781.37 points.

• The Nasdaq rose 32.43 points, or 0.2%, to close at 16,401.84 points.

• The S&P 500 index rose 16.91 points, or 0.32%, to close at 5,241.53 points.

• The Philadelphia Semiconductor Index rose 109.69 points, or 2.29%, to close at 4,897.88 points.

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