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Bitcoin price trend | Drops below the $63k level
The United States and Iran once again launched attacks against each other, pushing Bitcoin below the $63k level.
According to CoinDesk quotes, Bitcoin hit a 24-hour low of $62,584 and is currently at $62,731, down 1.55%. Ethereum is currently at $1,775, down 1.01%; Dogecoin is down 0.82%.
The U.S. carried out another round of airstrikes against Iran, saying it aims to weaken Iran’s ability to disrupt the passage of commercial ships through the Strait of Hormuz, with target locations involving more areas.
SoSoValue data shows that Bitcoin spot exchange-traded funds (ETFs) have recorded net outflows for 8 straight weeks, indicating that institutional investors’ interest in crypto has fallen significantly.