Bitcoin Lags Stock Rebound Ahead of U.S. Inflation Data
Bitcoin fell behind a broader stock market recovery as spot ETFs recorded significant outflows ahead of upcoming U.S. inflation data.
Bitcoin slipped on Monday despite a broader rebound observed in U.S. equities. Market participants pulled capital from spot exchange-traded funds, totaling $201 million in net outflows.
The downward pressure on the cryptocurrency comes as traders prepare for the release of crucial October inflation figures scheduled for later today.
Original report: CoinDesk ↗
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