Bitcoin Breaks Below 200-Week Average After ETF Redemptions

Bitcoin traded below its 200-week weighted moving average at $60,238, down 6.1% over the past 7 days. Newhedge tracked the 200-week weighted moving average at $62,383. Farside Investors data showed about $1.61 billion in Bitcoin ETF net redemptions across three sessions.
BTC-1.13%
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