Bitcoin Price Plunges Below $81K Despite $1 Billion in ETF Inflows

Bitcoin dropped below $82,000 to an intraday low of $80,836 during a late Wednesday sell-off, capping a nearly 4% daily loss and halting a recent two-week high rally. Bitcoin tumbled below $82,000 Wednesday, just hours after touching two-week highs during a market-wide rally. The retreat sparked debate over a disconnect between growing exchange-traded fund (ETF) inflows and bitcoin’s price after this week’s three-day streak of investments failed to spur a significant gain. Market data shows bitcoin initially held well above $84,000 after breaching the threshold. However, the cryptocurrency began tumbling late Wednesday during a market-wide sell-off, dipping below $82,000 by 5 a.m. ET Thursday. While the decline slowed, bitcoin continued to slide, trading near $81,200.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.