• Bitcoin fell beneath $69,000, down 2.5% in 24 hours.
• Grayscale's GBTC noticed outflows of $39,536,600 per day.
• The BTC ETF recorded its first outflows after 19 consecutive days of inflows.

Bitcoin (BTC), the world's largest cryptocurrency by market cap, has fallen beneath the $69,000 worth stage prior to now 24 hours after briefly surpassing $70,000 final week.

The drop in BTC costs follows 19 consecutive days of internet inflows and coincides with the primary outflows from the Spot Bitcoin ETF accepted by the U.S. Securities and Trade Fee in January.

Based on knowledge from CoSovalue, Bitcoin spot ETFs noticed a complete of $64,931,800 in internet outflows. Grayscale's GBTC noticed $39,536,600 outflows in at some point, Constancy's FBTC noticed $3 million outflows in at some point, Invesco and Galaxy Digital's BTCO noticed $20 million outflows, and Valkyrie's BRRR noticed $16 million outflows.

In the meantime, Bitwise’s BITB noticed inflows of $7.591 million and BlackRock’s IBIT noticed inflows of $6.3433 million. HashDex, WisdomTree and Franklin Templeton’s BTC ETFs remained impartial with no inflows or outflows.

Bitcoin reacted negatively to the occasion, with its worth dropping by practically 2.5% in 24 hours, in keeping with knowledge from CoinMarketCap. The main digital asset is buying and selling beneath the $68,000 worth stage on the time of writing.

As of 12:55 a.m. ET, the BTC worth was $67,931, with buying and selling quantity up 88.32% and market cap down 2.79%. Though BTC has risen 163.44% since June 2023, the digital asset has not been in a position to maintain a worth above $70,000.