Bitcoin and Ethereum Face Volatility as ETFs Drive Market Correction

Bitcoin’s price dipped below $113,000 as large withdrawals from Bitcoin ETFs fueled market volatility. Ethereum also experienced a decline, dropping below $4,200 following significant ETF outflows of $422 million. These movements triggered broader corrections across the crypto market, but Bitcoin and Ethereum remain resilient with their strong capitalization levels. The report shows substantial sell-offs in Bitcoin, reaching a 1.23% drop, impacting short-term trend direction. This move is fueled by increased market volatility following large ETF withdrawals.