The Block (@TheBlockCo): THE BLOCK: Bitcoin fell to as low as $58,000 this week after hot PCE data reinforced the Fed's hawkish stance, while spot BTC ETF outflows extended to…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-30Negative
THE BLOCK: Bitcoin fell to as low as $58,000 this week after hot PCE data reinforced the Fed's hawkish stance, while spot BTC ETF outflows extended to a sixth consecutive day ahead of a major quarterly options expiry. Analysts remain divided on whether the cycle bottom is in.