Bitcoin ETFs To See 30% Gap Down From Jan Levels On Monday, Says Peter Schiff

Quick Summary:

Amid the massive selloff in the Asia trading hours on Monday, August 5, the Bitcoin price has come crashing down over 12% falling all the way to $54,000.

The worries surrounding the US recession have skyrocketed once again with traders unwinding their positions in most of the risk assets.

The US futures market is also trading deep down on Sunday hinting at a potential sell-off moving ahead.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: BTC price 24/7 Cryptocurrency News Bitcoin News Bitcoin ETF Bitcoin ETF outflows Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 05:10:54 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21927215

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