Bitcoin fell about 1.1 per cent over the past 24 hours to around $81,400, even as spot US bitcoin exchange-traded funds posted their largest net inflows in a month. The $527 million in net inflows was driven almost entirely by BlackRock’s IBIT, which recorded $665 million, its best day in over a year. However, analysts at QCP Capital cautioned that broader weakness in equities, with Nasdaq 100 and S&P 500 futures lower and AI stocks under pressure, could spill over into cryptocurrency markets and threaten the $80,000 support level if sustained.
company
QCP Capital
Digital assets trading and investment firm