Bitcoin's Wednesday woes 😭

BTC crashed below $56,000 Wednesday morning, as Bitcoin ETFs shed $288 million.

Author

Stephen Graves
September 04, 2024

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📝 What you need to know

The crypto market took a beating Wednesday morning, as Bitcoin plunged to levels under $56,000 before recovering to around $58,000.

The market rout followed a dismal day on the U.S. and Japanese stock markets, with crypto market liquidations touching $200 million.

Bitcoin ETFs, meanwhile, saw their fifth consecutive day of net outflows, with $288 million exiting the investment products on Tuesday—the largest single-day figure since the start of May.

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