• Bitcoin Price Drops: Bitcoin fell below $63,000 amid a broad | Bitcoin & Crypto Trading

• Bitcoin Price Drops: Bitcoin fell below $63,000 amid a broader crypto sell-off, with the price rebounding modestly to $64,000 but still down 3.7% over 24 hours
• Market Volatility: The sell-off affected the broader market, with the CoinDesk 20 Index down 4.4%, led by layer-1 network Solana’s token (SOL) declining more than 10% at one point
• ETF Outflows: U.S.-listed spot Bitcoin ETFs faced net negative flows for the first week since late January, primarily due to large outflows from Grayscale Bitcoin Trust (GBTC)
• Recovery Predictions: Galaxy CEO Mike Novogratz said it will take some time for Bitcoin to recover to $73,000, as the market entered a corrective period after reaching an all-time high over $73,000
• Future Outlook: Coinbase analysts suggest ETF inflows may return once GBTC selling is completed, citing favorable macro conditions and central bank policy. They expect the current US disinflationary trend to remain intact, with financial conditions in the US continuing to ease

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