TODAY14 Jul
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US spot Bitcoin ETFs lost $424.7M in one day, reversing the prior week's inflows and raising doubts about a broader demand recovery.
Bitcoin fell below $63,000 as oil, bond yields, and the dollar rose on fears of a longer Strait of Hormuz disruption.
Bitcoin ETFs posted a $197 million weekly inflow, but analysts say demand is still too weak to confirm a broader recovery.