Bitcoin Stabilizes After Selloff as ETF Outflows Hit $244 Million
Bitcoin traded around $82,000–$83,000 after a selloff involving $1 billion in liquidations, while bitcoin ETFs recorded $244 million in Thursday outflows.
Bitcoin was trading around $82,000–$83,000 as the cryptocurrency market recovered from Thursday’s selloff, according to CoinDesk.
The rebound followed a market downturn involving $1 billion in liquidations. Prices steadied after the sharp decline.
Bitcoin exchange-traded funds recorded $244 million in net outflows on Thursday. The ZEC fund also saw further withdrawals, extending its run of outflows during October.
Source: CoinDesk
