While Wall Street keeps hitting records, Bitcoin and Ether posted losses over the week, down 3.51% to $83,635 and 7.90% to $2,520 respectively. The Federal Reserve’s hawkish stance, expecting further rate hikes before year-end, and rising Treasury yields are weighing on speculative assets. US spot Bitcoin ETFs saw their largest weekly outflow since June, with $680 million in net withdrawals. Despite this pressure, Bitcoin is holding a key support level around $81,500, the average purchase price for ETF investors, a level to watch closely according to Glassnode.
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