Bitcoin’s price surged to 90,000 USD before tumbling to approximately 85,000 USD, leading to the liquidation of 155 million USD in derivatives. The overall sentiment suggests confidence in a Santa rally is waning.
This week, there have been 634 million USD in outflows from Bitcoin ETFs amid global economic uncertainties. Ethereum similarly fell by 4%, trading around 2,824 USD after a prior rise above 3,000 USD.
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