Bitcoin Plummets as ETFs Drain Confidence, Signaling Market Angst

Bitcoin’s price has taken a sharp plunge of 9.3%, dropping below $83,000, as renewed market fear grips the crypto world. This decline follows four consecutive days of net outflows from Bitcoin and Ethereum exchange-traded funds (ETFs), signaling waning investor confidence. The broader market is experiencing a downturn fueled by uncertainties in traditional financial markets, with equities also turning red. 2B USD worth of crypto has been liquidated within the past 24 hours, adding to the downward pressure.