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Bitcoin Faces Steep Decline as U.S. Spot ETFs Record Historic Outflows

Investor sentiment cools on Bitcoin following significant ETF withdrawals and uncertain macroeconomic conditions.

  • Bitcoin price fluctuates around $57,000, facing downward pressure from record U.S. spot ETF outflows.
  • Federal Reserve's decision to maintain interest rates influences market liquidity, impacting Bitcoin's stability.
  • Investors exhibit caution, leading to a stall in Bitcoin ETF demand amid macroeconomic uncertainties.
  • Technical patterns suggest potential further declines, with key support levels being tested.
  • Market analysts remain divided on Bitcoin's short-term trajectory, with some predicting possible rebounds.
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