Bitcoin near $60K as spot ETF outflows hit $1.79B amid Fed rate hike fears
Bitcoin is hovering near $60,000 after US spot ETF weekly outflows reached $1.79 billion, the largest in recent weeks. Growing expectations of Federal Reserve rate hikes and an AI-sector sell-off are adding pressure on the cryptocurrency. Analysts warn that the key support level could be at risk if macro conditions worsen.
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