Bitcoin Price Forecast as BTC ETFs Record Highest Weekly Outflows Since June – Will $75K Hold?
By Muthoni Mary
Bitcoin (BTC) price trades at $75,937 at the time of writing, following a 6% drop in just two days since November 5. The drop follows growing concerns of a massive selloff in the AI and tech sectors. The concerns have exacerbated outflows from spot BTC ETFs to multi-month highs. The crypto market sentiment has dropped…
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Explained in this story
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.
More about Exchange-traded fundBitcoin
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.
More about BitcoinArtificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Bitcoin
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