Bitcoin stays below $60K for seventh week
Bitcoin's price dropped by 2.7% to approximately $59,918, remaining below the $60,000 level for the seventh consecutive week. Outflows from cryptocurrency exchange-traded funds (ETFs) continued this week, totaling $1.35 billion. This decline occurs amid waning investor interest in cryptocurrencies due to increasing concerns over potential interest rate hikes in the United States. Investors are now favoring assets with clearer fundamentals, such as artificial intelligence stocks, amid ongoing financial tensions and monetary tightening.
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