Bitcoin rallies through $77K despite spot BTC ETF outflows topping $2B
Bitcoin finds footing above $77,000 despite investors’ worry over BigTech earnings results and billion-dollar outflows from the BTC ETFs.
Key takeaways:
Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw modest relief after Brent crude prices retreated below $108. However, large outflows from spot Bitcoin exchange-traded funds (ETFs) have forced traders to reassess the odds of further downside risk, especially amid lingering fears of a global economic downturn.
