Bitcoin Falls Below $64K Amid Sustained ETF Outflows and Corporate Selling
Bitcoin dropped below $64,000 on June 4, marking a 13% decline in the past week. The selloff is attributed to sustained outflows from US spot Bitcoin ETFs, which have seen over $3 billion withdrawn since May 20 across ten consecutive days. Additionally, MicroStrategy (now Strategy) sold Bitcoin for the first time in nearly four years.
Tickers: $MSTR
Topics: Bitcoin ETF outflows Institutional selling Price crash