BTC drops 2% to $63,905 amid renewed investor caution and outflows from spot Bitcoin ETFs before key inflation figures.
Bitcoin retreated to $63,905, down 2.02%, as spot Bitcoin ETFs saw renewed outflows and traders adopted a cautious stance ahead of upcoming US inflation data. Ethereum followed, declining 2.77% to $1,872, while the broader crypto market cap held at $2.27 trillion with BTC dominance at 56.6%.
The pullback follows a brief rally earlier in the week, with the Fear & Greed Index dropping to 29, signaling heightened investor anxiety. Prior sessions had seen modest inflows into ETFs, but sentiment shifted as macroeconomic uncertainty loomed.
Altcoins mirrored the decline, though small-cap tokens like Bluwhale and Radworks posted gains of 88.3% and 50.6%, respectively, amid niche sector momentum.