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Bitcoin declines amidst ETF outflows and investment shifts

Bitcoin saw a price decline to $96,346, dropping 2.05% in 24 hours, amid massive ETF outflows of $1.52 billion. This highlights investor concerns about the stability of BTC. In contrast, bullish trends emerge as MicroStrategy plans a $42 billion expansion, reinforcing its BTC purchase strategy.

Israel’s launch of six Bitcoin mutual funds by December 2024 marks a step towards enhancing digital finance. These launches aim to meet growing domestic demand. Additionally, global BTC investment saw $6.7 billion inflows in December, indicating increasing interest in BTC amid evolving international market dynamics.

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