Two pro-crypto men publicly conflict amid “Congress spending bill” causing the broader crypto market to see a red color. The crypto market sees $1 billion liquidation in over one day, as per coinglass data.
The conflict between Billionaire Elon Musk and US President Donald continues over the controversial ‘Beautiful Bill’ about Congress spending which caused the broader crypto market to take a sharp dive. Ethereum’s price which led seven days and touched$2.7K this week, is down 7% become the top loser coin today. Likewise, Bitcoin experienced in red line.
Bitcoin Price Sees Outflow Yesterday & Price Decline
The world-leading coin touched $112K to set a record all-time high last month. Bitcoin trying to struggle to recover its price. At the time of writing BTC was trading at $103,961.77, marking a 0.75% low over the past 24 hours. Its 24-hour low and high were $105K to $103K, respectively.
The US Spot Bitcoin Exchange Traded Fund saw a significant outflow yesterday. According to Farside investor data showed that Bitcoin ETF saw a $278 million outflow. This outflow indicates investor interest is low. ARK and 21 shares ARKB led the outflow with $102 million. While Fidelity FBTC recorded an $80.2 million outflow.
Ethereum Price Views
The second-largest crypto market is down 6% to lead decline in the broader crypto market. At the time of writing the coin was trading at $2,479.21 after touching $2767. ETH market cap was 4.55% decline over the past 24 hours. It’s 24-hour low and high were $2.4k to 2.6K, respectively
As per Sosovalue data, US Spot Ether ETF saw an $11.26 million inflow, marking an eleven-day consecutive inflow. BlackRock ETHA largest ETF by net assets was the only ETF to record a $34 million inflow. Fidelity FETH alone ETF withdrew a $23.4 million inflow.
According to the coinglass data, Ethereum was liquidation worth about $278 million over the past 24 hours,
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