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Bitcoin slips to $64,000 as oil rally and ETF outflows pressure BTC
['Hassan Maishera']
CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, ending a five-day inflow streak.
Bitcoin (BTC) is struggling below $64,000 at the time of writing on Tuesday as rising oil prices and uncertainty surrounding the US-Iran negotiations weigh on market sentiment.
US spot Bitcoin exchange-traded funds recorded net outflows at the beginning of the week, ending a five-day run of positive flows.
Concerns about prolonged disruption have pushed oil prices higher while pressuring risk-sensitive assets such as Bitcoin.
Expectations of another Federal Reserve rate increase have strengthened alongside the rally in oil prices.