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Bitcoin ETFs faced record withdrawals causing price to plummet below 96,000 USD

Bitcoin experienced a significant decline of approximately 13,000 USD, plummeting below 96,000 USD. A record outflow of 671.9 million USD from Bitcoin ETFs on December 19 significantly impacted market sentiment, particularly due to Powell’s comments.

Ethereum faced a net outflow of 60.5 million USD from its ETFs, resulting in a price drop exceeding 9%. This, combined with changing market dynamics, signals increasing investor caution amid ongoing inflation concerns.

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