Bitcoin’s value dropped by 2.8% despite $1 billion inflows into spot BTC ETFs, likely influenced by concerns over US import tariffs and fiscal deficits. Profits might’ve been taken prior to the weekend given Bitcoin was just 1.5% below its peak. Aside from this drop, concerns arose over the movement of dormant coins into a Bitcoin wallet. However, this doesn’t always imply an imminent sale. Also, Bitcoin’s recent struggle could be due to mounting macroeconomic worries rather than crypto-specific factors.
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