Bitcoin Slips from Record Highs as Investors Await Economic Signals Amid Market Uncertainty
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MicroStrategy Chairman Michael Saylor declared "Bitcoin is the signal" amid market uncertainty after Bitcoin hit all-time highs.
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Digital asset investment products saw $942 million in net outflows last week, the first outflows in 7 weeks, with Bitcoin accounting for 96%.
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Bitcoin was trading around $67,177, down from its all-time high of $73,750 reached on March 14.
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Saylor's MicroStrategy currently owns 214,246 Bitcoin purchased at an average of $35,160 per coin.
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Investors are awaiting fresh economic data this week for insights into the economic outlook and potential Fed rate cuts, in contrast to Bitcoin's recent downturn.