Bitcoin holds $90K as ETFs wobble and institutions reposition: Finance Redefined
Bitcoin steadied near $90,000 as ETF flows turned negative, altcoins continued a valuation reset and DeFi markets showed pockets of renewed activity.
Cryptocurrency markets experienced a limited recovery this week as investor liquidity gradually returned after the holidays.
Bitcoin (BTC) topped a weekly high of $94,458 on Monday, before declining to about $90,937 at the time of writing on Friday.
US spot Bitcoin exchange-traded fund (ETF) demand saw a sharp reversal after $1.1 billion in inflows on the first two trading days of the new year. The ETFs have since logged three consecutive days of outflows, with a cumulative $398 million sold on Thursday, according to Farside Investors data.