Bitcoin Plummets Below $80,000, Ethereum, XRP, Dogecoin Get Hammered As Crypto Crash Continues
Posted On February 28, 2025
Bitcoin (CRYPTO: BTC) continues to tumble, falling as low as $78,433 in early Friday morning hours amid a record streak of spot Bitcoin ETF outflows.
What Happened: According to data from SoSoValue, U.S. spot Bitcoin ETFs have seen $3.2 billion in net outflows over an eight-day period, matching the longest negative streak since their debut.
This trend has resulted in a monthly net outflow of $3.65 billion for February, with only four days of net inflows recorded this month.
The largest single-day outflow occurred on Tuesday, with a record $1.14 billion leaving these funds.
BlackRock’s (NASDAQ:IBIT), the largest Bitcoin ETF by net assets, experienced its most significant outflow of
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