Bitcoin Falling Under $63K Causes Market Correction

[{"selector":"#anim-cf32646c-35a8-47b5-98d1-d59a7af8b4f6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Bitcoin (BTC) fell below $63,000 in European early hours Tuesday, inflicting a marketwide decline of 8% in 24 hours.

[{"selector":"#anim-6df78150-52d6-404c-9810-05633361c464 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.946284789948695%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Monday saw big outflows from the Grayscale bitcoin ETF and lower-than-usual inflows on other ETFs. Net outflows were $154 million for the day.

[{"selector":"#anim-64912cc9-6672-4895-8abb-fa06b5d946c5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.007351268903015%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] On-chain data firm CryptoQuant stated on X bitcoin short-term holders took profits in the past week, which may have led to selling pressure.

[{"selector":"#anim-98b95d96-6784-4e3b-aa07-2db88914de6b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34588f52-91c7-4b4e-b03f-fadb0b3b4ccf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.122334458763369%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] According to CoinGecko, ETH, SOL, BNB, and ADA fell more than 9%.

[{"selector":"#anim-4ae2d34b-430e-4ae1-a523-0fb8ee52fb44 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.431899973416082%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The meme coin sector lost almost 17% on average, lead by dogwifhat (WIF) and floki (FLOKI) at 18%.

[{"selector":"#anim-89a8868f-0636-4d99-ba72-2c60ae580bc6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.102785441015417%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The sector has gained the most this year but is notoriously unpredictable.

[{"selector":"#anim-5d373957-7fdb-4621-8327-82af202fb9da [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.074074107110762%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] With stablecoins subtracted, the widely used ,

[{"selector":"#anim-b4766941-ba10-4747-a0f7-875d6bf7745f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.783855975741837%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CoinDesk 20 index fell by about 10%.

Bitcoin Falling Under $63K Causes Market Correction

Happiness requires 10 skills

Thanks for watching