BTC price dip hits 17.5% as week’s Bitcoin ETF net outflows near $500M

BTC price loses nearly 20% versus recent all-time highs with Bitcoin ETF outflows in focus.

, these include outflows from the United States’ spot Bitcoin exchange-traded funds and the March 20 decision on interest rates by the Federal Reserve.“With the Fed meeting less than 24 hours away, it’s unlikely the Fed changes rates tomorrow,” trading resource The Kobeissi Letter“However, all eyes will be on guidance after the recent events. We maintain the view that it is far too soon to pivot.”put the chances of a “pivot” — or return to rate cuts — at just 1% for March 20 and 9.

“Grayscale saw slightly smaller outflows of -$443.5m overnight but will inflow from the other ETFs bring us to a net positive number today?” it queried.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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