Bitcoin Price Prediction: BTC Holds $90K as $343M ETF Outflows Raise One Big Question

TL;DR:

Bitcoin trades near $90,700 as ETF outflows hit $343M and price compresses below $91,520, signaling a potential breakout or renewed downside risk. The post Bitcoin Price Prediction: BTC Holds $90K as $343M ETF Outflows Raise One Big Question appeared first on Cryptonews.

Key Points:

Background:

Exchange-Traded Funds (ETFs) are investment vehicles that track cryptocurrency prices and trade on traditional stock exchanges. Bitcoin and Ethereum ETF approvals have been major milestones for crypto adoption, allowing institutional and retail investors to gain exposure without directly holding digital assets.

Why It Matters:

ETF approvals are significant because they provide regulated access to cryptocurrency investments for traditional finance investors, potentially bringing billions in new capital to the crypto market. They also signal regulatory acceptance and legitimization of digital assets as an investment class.