Bitcoin drops below $66,000 as spot ETF outflows hit $2.35B in two weeks
Bitcoin fell 3.83% to $65,693 as US spot ETF outflows reached $2.35 billion in two weeks. Fear & Greed held at 13, its lowest reading in eight days.
Live chart · BTCUSD, ETHUSD, SOLUSDT · TradingView
Bitcoin slipped below $66,000 overnight, extending a slide that took it to $68,200 in our last update. Fresh data from Cointelegraph shows US spot Bitcoin ETFs have now shed $2.35 billion in two weeks, keeping steady selling pressure on the market.
Bitcoin
Bitcoin traded at $65,693 at 15:47 UTC, according to CoinGecko. That is a 3.83% drop over 24 hours and a 13.19% loss over seven days. Over the past day it ranged between $65,809 and $69,052, and the snapshot price sat slightly below that reported low. Trading volume reached $33.5 billion. You can follow the move on the BTC/USD chart.
Decrypt reported that Bitcoin is back near August levels as persistent inflation, expectations of another interest-rate hike and ETF withdrawals weigh on prices. CoinDesk noted that Bitcoin was heading for a sixth weekly loss and is down 21% this year.
Ether and the majors
Altcoins fell harder than Bitcoin. Ether dropped 4.25% to $1,840.81 and has lost 17.47% in a week. Solana and Cardano led the daily losses.
| Coin | Price (USD) | 24h % | 7d % |
|---|---|---|---|
| Ether (ETH) | 1,840.81 | -4.25 | -17.47 |
| BNB | 598.29 | -5.07 | -13.76 |
| XRP | 0.9726 | -4.17 | -15.78 |
| Solana (SOL) | 73.88 | -6.98 | -17.74 |
| Dogecoin (DOGE) | 0.0611 | -5.50 | -14.78 |
| Cardano (ADA) | 0.1573 | -7.72 | -13.67 |
Market breadth and sentiment
Total crypto market capitalisation stood at $2.25 trillion, down 7.02% in 24 hours, per CoinGecko. Bitcoin dominance was 58.7% and Ether dominance 10%.
The Crypto Fear & Greed Index read 13 today, deep in "Extreme Fear". That is down from 20 yesterday and 28 on 12 November, and it is the lowest value in the eight-day window. The index has dropped in each of the last four readings since it hit 32 on 10 November.
What is driving the market
- ETF outflows deepen. Cointelegraph reports that US spot Bitcoin ETFs recorded $185.4 million in net outflows on Friday. BlackRock's IBIT accounted for $143.5 million and Fidelity's FBTC for $41.9 million. BlackRock's losing streak has reached 11 sessions.
- Dealer positioning may add to swings. According to CoinDesk, both Bitcoin and Ether are trading in price ranges where market makers and dealers may amplify volatility.
- Rate-hike worries persist. Higher-rate expectations remain a backdrop for risk assets. Our sister site covers how Fed officials Daly and Collins backed further hikes as the dollar had its best week since September.
- Competition for crypto payments. Decrypt reports that OpenAI launched a ChatGPT wallet that lets AI agents buy products with ordinary cards, challenging crypto payment tools from Coinbase and Circle.
- Tokenization keeps advancing. CoinDesk reports that Kazakhstan plans tokenized government bonds in the first quarter after a $22 million sale of tokenized central bank notes.
What to watch next
- SEC nominations hearing. CoinDesk reports that the Senate Banking Committee has set President Trump's SEC picks for review next week.
- ETF flows. Whether BlackRock's 11-session outflow streak continues when trading resumes.
- Anthropic's IPO. CoinDesk has linked part of the recent selling to investor capital heading into Anthropic's anticipated listing.
- Kazakhstan's bond plan. The tokenized government bond issuance is slated for the first quarter, per CoinDesk.
How we make this article: software gathers the market data and the news from the sources linked in the article, then cross-checks them. AI writes the text. People choose the sources, set the rules and run the process. Not investment advice.