Bitcoin falls to $79,330, ETF outflows hit $773 million as Fed decision nears

Bitcoin slipped below the $80,000 threshold over the past 24 hours, briefly touching $79,330 before regaining some ground to trade at $80,264 on Saturday. The leading cryptocurrency fell 2.7% for the week and remains roughly 36% below its all-time high of $126,080, according to CoinGecko data. U.S. spot Bitcoin ETFs recorded sharp net outflows over Thursday and Friday, with total outflows amounting to $773 million. Thursday saw investors pull $635.5 million from spot funds, erasing most of the gains accumulated during a three-day inflow streak earlier in the week. Friday brought an additional $137.9 million in outflows, based on SoSoValue figures. Despite these back-to-back outflows, U.S. spot Bitcoin ETFs finished the week up by nearly $301 million, overcoming a two-week losing streak.

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