Bitcoin Pullback Deepens as US ETFs Suffer Record Daily Outflow
- Fed’s signal of fewer rate cuts sapped largest cryptocurrency
- Altcoins such as XRP, Dogecoin and Ether post bigger declines
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A Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.
The price of the original cryptocurrency dropped as low as $95,234 on Friday at 9 a.m. in London after setting an all-time high just above $108,000 earlier in the week. The downturn weighed heavier on smaller tokens like Ether and Dogecoin.