Digital asset investment products have experienced outflows for three consecutive weeks, with Bitcoin leading the trend.
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Crypto traders are watching the US dollar, predicting its potential weakening may support Bitcoin and other cryptocurrencies.
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Bitcoin has shown remarkable development, reflecting a larger trend in the cryptocurrency market.
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Bitcoin rebounded above $70,000 on Monday, signaling positive momentum across cryptocurrencies.
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Bitcoin ETF outflows have surged, impacting the cryptocurrency's performance due to their strong correlation with Bitcoin's price.
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The recent rise in Bitcoin's price can be attributed to a decrease in open interest in options at specific strike prices.
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Bitcoin may see increased capital inflow if the Federal Reserve pauses interest rates at its December meeting.
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Bitcoin and other cryptocurrencies experienced a slight decline, pulling back from recent highs, yet the overall sentiment among crypto traders remains bullish.
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The recent Bitcoin rally, approaching the $37,000 mark, has been fueled by growing optimism surrounding spot ETFs, illuminating a transformation in market dynamics.
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