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UPEX makes investing in early-stage, high-potential digital assets easier, safer, and more rewarding.
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12 Hype votesSpot Bitcoin exchange-traded funds in the U.S. recorded their highest daily outflows yesterday as Bitcoin dropped below $90,000, triggering a risk-off sentiment among investors amid growing macroeconomic concerns.
All other crypto sectors underperformed Bitcoin this year, with average decline ranging from nearly 50% to as high as 85%.
Bitcoin trades at $86,930 on Tuesday. BTC price dropped below the $90,000 support level for the first time in over three months, generating a negative sentiment among traders. Crypto traders have turned “fearful” after nearly six months of “neutral” and “greed,” per the Crypto Fear & Greed Index.
The Bybit hacker has laundered 100,000 ETH, about $250 million, just four days after executing the largest cryptocurrency heist.