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Bitcoin price falls to three-month low: Is $60K the next stop?

By Olivia Stephanie

Bitcoin price fell near $62,000 as seven straight ETF outflow sessions totaled $1.91 billion and heavy liquidations hit traders, with $60,000 now in focus.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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