Bitcoin ETFs bleed over €1B as crypto slump deepens in October
The cryptocurrency market is facing a downturn, with significant outflows from major bitcoin ETFs. Investors are divided between concerns about a prolonged slump and hopes for a buying opportunity in the stock market today. This is the first negative October for the market since 2018.
In the past week, outflows from major bitcoin ETFs have surpassed €1 billion, indicating a cautious stance among investors. This comes as the cryptocurrency market continues to slump, extending losses from last month's 'crypto Black Friday'. The market has been volatile, with investors split between fears of a prolonged downturn and the prospect of snapping up assets at lower prices. The moderator of the daily economic program 'Economia Expresso' on SIC Notícias has been discussing these developments with experts in recent broadcasts.
The cryptocurrency market's downturn has seen significant outflows from bitcoin ETFs, with investors divided in their outlook on the bitcoin price and bitcoin price usd. Despite the slump, which is the first negative October since 2018, some investors remain hopeful for potential buying opportunities on coinbase.
