Bitcoin Falls Alongside Nvidia as ETF Outflows Reach $1.44 Billion
Summary
Bitcoin fell about 0.7% to $73,400 as technology stocks weakened and US spot Bitcoin ETFs recorded a fifth consecutive day of net outflows. Wednesday’s ETF outflows totaled about $299.9 million, including $269.7 million from BlackRock’s IBIT; cumulative outflows since November 5 reached $1.44 billion. Nvidia shares dropped around 7% in pre-market trading amid reports about CEO Jensen Huang, though the company had announced no leadership decision. Ethereum also declined, while Render fell 3.1%. Traders were watching US economic data and Federal Reserve policy expectations, with Bitcoin near the $73,000 level.
