Bitcoin slid to a near four‑month low of $61,442.7, later recovering to $63,832.4 by 01:30 ET (05:30 GMT).
Spot Bitcoin exchange‑traded funds (ETFs) recorded $396 million of outflows on Wednesday, adding to roughly $1.02 billion at the start of the week and a cumulative $3.7 billion over the past three weeks.
The outflows were attributed to heightened risk aversion stemming from the U.S.–Iran war and associated macro‑economic disruptions, prompting investors to move capital into the U.S. dollar and AI‑related stocks.
Strategy, a leading corporate Bitcoin holder, executed its first Bitcoin sale in nearly four years; although the sale size was small, it raised questions about the sustainability of its treasury model that relies on rising Bitcoin prices.
Bitcoin’s price remains about 50 % below its October 2023 record high.
Altcoins mirrored Bitcoin’s decline: Ether fell 4.6 % to $1,785.40, XRP down 4.1 % to $1.1882, while Solana, Cardano, BNB slipped between 5 %–9 %; meme coins Dogecoin and $TRUMP fell 4 % and 7.8 %, respectively.
Market sentiment was further dampened by flows into the dollar driven by expectations of a prolonged conflict and energy‑fueled inflation.
