Bitcoin (BTC) steadies around $83,600 at the time of writing on Monday, after a 3.1% decline last week. Institutional demand shows weakening signs, with spot Exchange Traded Funds (ETFs) recording $681.10 million in net outflows last week, ending a three-week streak of inflows.
The cryptocurrency market is experiencing ongoing liquidation, with Bitcoin (BTC) losing ground to trade near $84,000 at the time of writing on Wednesday. The Crypto King’s correction follows a recent rejection due to supply around $87,200.
Ethereum (ETH) treasury firm BitMine Immersion continued its buying streak of the top altcoin last week.