Bitcoin Falls Below $70,000 as Crypto Treasury Inflows Hit Lowest Since October 2024
Bitcoin slipped below the $70,000 mark while inflows to crypto treasuries dropped to their lowest level since October 2024, signaling reduced institutional demand.
BTCUSD
Bitcoin has dipped below the $70,000 threshold, according to market reports. The decline comes as inflows to crypto treasuries fell to the lowest point since October 2024, indicating a slowdown in institutional capital deployment.
Separately, Russian capital held on foreign crypto exchanges has contracted to 720 billion rubles, reflecting reduced cross-border activity. These data points together suggest a cooling phase in the crypto market.
No further details were provided on the exact intraday lows or the specific duration of the trend.
Source: ForkLog