Bitcoin fell to $83,383 due to a record outflow of over $1.1 billion from US spot Bitcoin funds. Investors are moving funds into safe-haven assets, particularly gold.
The cryptocurrency market experienced a sharp decline on Friday, January 30, when the price of Bitcoin fell to $83,383 – its lowest level since November last year. The main reason for the collapse was a record outflow of institutional investors from American spot Bitcoin funds (ETFs), which lost more than $1.1 billion over the past week. This is reported by Bloomberg, writes UNN.
Bitcoin's fall occurred against the backdrop of a global shift in sentiment in financial markets, where investors began to withdraw funds from risky assets in favor of safe-haven instruments. A significant portion of capital moved into precious metals: while BTC was losing value, gold updated its historical maximum, exceeding $5,600 per ounce. Bloomberg analysts note that the massive sale of shares in BlackRock's IBIT and Fidelity's FBTC funds indicates a deep re-evaluation of risks by major players.
