Bitcoin's Lack of Movement Despite $2 Billion ETF Influx

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Reasons for BTC's weakness include Mt. Gox coin movements, regulatory actions, and the U.S. Senate's anti-crypto lobby.

Bitcoin has experienced a 6.7% drop after almost reaching $72,000 on May 21, settling at $67,100. This decline does not necessarily signal a bearish trend, as Bitcoin is still only 8.7% below its all-time high. However, investors are puzzled why the recent inflows into Bitcoin spot exchange-traded funds (ETFs) haven't sparked more bullish sentiment.



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