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Bitcoin price holds $76K as ETF outflows put $75K support in focus

By Lawrence Mondal

Bitcoin has edged back above $76,000 on Nov. 7, but weak daily momentum and another $411.9 million in U.S. spot ETF withdrawals have left its recovery close to a key weekly support level. According to the daily price chart, Bitcoin…

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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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