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Crypto Markets Decline as Bitcoin Nears $83,000 Amid ETF Outflows and Stock Market Downturn
Gate News bot message, cryptocurrency markets experienced a notable decline as Bitcoin traded around $83,000, coinciding with a downturn in equity markets and waning enthusiasm following Nvidia’s earnings. The cryptocurrency sector witnessed Bitcoin and Ethereum ETFs recording four consecutive days of outflows.
BTC price settled at $83,648, marking a 9.3% decrease, while ETH traded at $2,794, down 7.3%. The Fear and Greed Index dropped to 14, indicating “Extreme Fear” in the market. The total cryptocurrency market capitalization stood at $3.10 trillion, with liquidations reaching $2 billion.