Bitcoin experienced a 3.4% decline over the past 24 hours, trading at $86,855. This dip is possibly a result of profit-taking by investors.
Despite the decline, spot Bitcoin ETFs have seen significant inflows amounting to $817 million, highlighting continued investor interest and confidence in Bitcoin ETFs.
An analyst from BRN noted that the recent price movements align with profit-taking strategies, which are not uncommon in the volatile cryptocurrency market.
Source: www.theblockcrypto.com ↗