Bitcoin Price Slumps Below $64,000 Amid Market Downturn

Recent liquidations and ETF outflows contribute to a significant drop in Bitcoin and Ether prices.

Bitcoin and Ether prices have fallen sharply, with Bitcoin dropping below $64,000 and Ether down to around $3,090.
Over $209 million in crypto long positions were liquidated as market slumped overnight.
BlackRock's spot Bitcoin ETF saw no inflows for the first time in 71 days, signaling reduced investor interest.
Hong Kong's approval of Bitcoin and Ethereum ETFs could potentially inject up to $25 billion into the crypto market.
Despite recent declines, Standard Chartered maintains a bullish outlook, predicting Bitcoin will reach $150,000 by end of 2024.