Bitcoin Tops $100K Despite ETF Outflows, Analysts Warn of Rising Volatility, Here’s What’s Next for Investors

Bitcoin‘s (CRYPTO: BTC) price hit the $100,000 mark in the early hours of Saturday, despite experiencing its worst performance since 2018 with a 3.7% decline as October concluded.

This milestone comes amidst an increase in volatility and outflows from Bitcoin ETFs.

The Bitcoin has been grappling with sustained selling pressure from US-based exchanges and spot Bitcoin ETFs, even in the face of a supportive interest rate cut from the US Federal Reserve.

According to the data from Coinmarketcap, US spot Bitcoin ETFs witnessed outflows of $488 million and $191 million on Thursday and Friday respectively, indicating a trend of capital moving away from traditional financial products associated with Bitcoin.

Full story available on Benzinga.com