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Bitcoin Faces Pressure as Economist Foresees ETF Outflows

CoinGape LogoCoinGape1w ago

Bitcoin Faces Pressure as Economist Foresees ETF Outflows - CoinGape

Quick Summary:

Peter Schiff, an economist, warns that Bitcoin (BTC) might suffer from downward price pressure caused by the outflows from Bitcoin ETFs.

Following withdrawals from Bitcoin ETFs, Schiff’s statements point to the possibility that this could have an adverse impact on Bitcoin’s price performance.

Market participants, especially Schiff, a Bitcoin critic, have started to worry about a possible bearish influence of this trend on the price.

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Bitcoin Faces Pressure as Economist Foresees ETF Outflows - CoinGape (Picture 1) Bitcoin Faces Pressure as Economist Foresees ETF Outflows - CoinGape (Picture 2)

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-11 @ 01:12:55 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20931998

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 44 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story " Bitcoin Faces Pressure as Economist Foresees ETF Outflows" has 568 words across 37 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story " Bitcoin Faces Pressure as Economist Foresees ETF Outflows" was covered 1 weeks ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 44 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #20931998
  • URL: https://beamstart.com/news/economist-warns-etf-outflows-could-17153611759157

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