It’s been another rough 24 hours for crypto with Bitcoin falling through that $95,000 support and raising questions about where it may stop. Some analysts have flagged as low as $73,000! Part of the downward pressure has been courtesy of spot Bitcoin ETFs in the US, which on Jan. 8 saw the second-highest daily outflow since they launched a year ago. Elsewhere, the outgoing CFTC chair discusses crypto in a final message, and the story of how decentralized exchange Hyperliquid created the best and most lucrative airdrop in crypto history.
Further reading:
- How low can the Bitcoin price go?
- Bitcoin investors exit spot ETFs at near-record levels as BTC slumps 2.3%
- Bitcoin hourly RSI falls to most 'oversold' since $60K BTC price
- Bitcoin whales have scooped up 34K BTC since December dump: Analyst
- CFTC chair’s final message includes a call for crypto guardrails
- How Hyperliquid’s insanely lucrative airdrop launch changed the game
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