Economy
Bitcoin lost about 17 percent in a week, morning report says
According to the morning market snapshot, Bitcoin traded around $64,400 after falling about 17% in a week and touching roughly $62,000 over the weekend. The report also describes ETF outflows and forced closures of leveraged positions. Figures reflect the report updated at 09:18 Israel time and are neither live prices nor a guaranteed forecast. Image: AI illustration, as published in the source.
· Image: AI illustration, as published in the source
According to Walla's morning market snapshot, Bitcoin traded around $64,400 following a weekly decline of about 17%; over the weekend it touched roughly $62,000.
The report put Ether around $1,790, Solana around $70 and XRP below one dollar. These are figures from the report updated at 09:18 Israel time, not live prices.
Farside Investors data cited in the article showed net withdrawals of about $2.35 billion from U.S. Bitcoin ETFs within two weeks. Cited CoinGlass figures described nearly $1.9 billion in forced closures of leveraged positions within a day.
The article attributes pressure to a combination of interest-rate concerns, outflows and leverage. This is analysis and historical data at a particular time, with no assurance of recovery or that the market has bottomed.
Source: Walla
