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CryptoIntelligence 2024-04-28 10:22:00

Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence

Despite facing various challenges, Bitcoin maintained its position above $63,000 on April 26. Outflows from spot Bitcoin exchange-traded funds (ETFs), regulatory concerns, and scrutiny from U.S. senators did not deter its stability. Farside Investors reported that spot Bitcoin ETFs in the U.S. experienced a net outflow of $218 million on April 25, following a $120 million outflow the previous day. Franklin Templeton was the sole provider to register inflows on April 25, suggesting that the trend of withdrawals was not solely due to high fees at Grayscale GBTC. On April 25, U.S. Senators Elizabeth Warren and Bill Cassidy wrote to

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