Posted 4/2/2024, 3:59:00 PM
Bitcoin Price Drops 8% to $65K as Interest Wanes in Bitcoin ETFs and Memecoins See Steep Declines
- Bitcoin price dropped 8% to around $65,761 amid falling interest in Bitcoin ETFs and outflows from Grayscale's GBTC
- Memecoins like Dogecoin and Shiba Inu also saw double-digit drops over the past 24 hours
- Bitcoin ETFs saw first net outflows since March 22 totaling $85.8 million on Monday
- Trading volume has fallen 43% from peak in early March to $5.4 billion
- Drop also related to apprehension about Fed maintaining target rates ahead of typical pre-halving price correction
