Bitcoin Risks Deeper Fall on $20 Billion Crypto Hedge Fund Redemptions

Bitcoin price trades around $86k after crashing from $92k amid panic among institutional investors, as evidenced by $357 million spot Bitcoin ETF outflows. Experts such as 10x Research and on-chain data platforms expect a further drop in BTC BTC - $68500.795 price, especially amid tax-loss harvesting and weak technical structure.

Source: coingape.com

Related symbols: BTCUSD

2025-12-16 11:12:06 GMT.

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Price & Market Data

Price: $68500.795

Volume 24h: $55,213,871,563.56

Market Cap: $1,369,816,365,786.30

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,996,803. The last known price of Bitcoin is 66,349.38272125 USD and is down -0.01 over the last 24 hours. It is currently trading on 12570 active market(s) with $39,871,723,186.06 traded over the last 24 hours. More information can be found at https://bitcoin.org/.