Crypto
Bitcoin slips below 200-week moving average as ETF outflows and macro pressure intensify battle for support
Bitcoin has fallen below its 200-week moving average, a level widely watched as a long-term trend benchmark, as prices slide to above $59,000. The market is focusing on whether it can quickly reclaim the low-$62,000 area. Heavy net outflows from spot bitcoin exchange-traded funds over three sessions total about $1.61 billion, adding pressure. A still-restrictive U.S. rate outlook is also weighing on risk assets.
