Add as a preferred source on GoogleBitcoin Drops 5.22% Alongside BlackRock’s $104.97 Million Bitcoin Sale
Bitcoin fell from above $80,000 to a 24-hour low of $75,114. BlackRock’s ETF had four net-outflow sessions during the week; its five-day figure described the firm’s Bitcoin-selling streak.
Bitcoin (BTC) fell 5.22% in a 24-hour period, touching $75,114, as a $104.97 million Bitcoin sale marked the fifth consecutive day of BlackRock’s selling.
Friday’s move took Bitcoin from above $80,000 to its 24-hour low, reversing an attempted recovery earlier in the week. At the time of the Nov. 6 snapshot, BTC traded at $75,979, still down 5.22% over 24 hours. The drop was described as the month’s sharpest reversal at that point.
BlackRock’s ETF recorded net outflows in four sessions during the week. The separate five-day tally described the firm’s consecutive days of Bitcoin selling, not five ETF outflow sessions. The $104.97 million Bitcoin sale was the latest reported sale in the selling streak.
The $75,114 price was a 24-hour low, while $75,979 was the later price snapshot. The reversal followed several weeks of volatility and unfolded during a deeper correction across the broader cryptocurrency market, while investor withdrawals continued.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.