Major Bitcoin ETF Inflows Fail to Stop BTC From Sliding Further: Market Watch

Spot bitcoin exchange-traded funds attracted more than $526 million in net inflows in one day, the highest single-day total since Sept. 22, but bitcoin nevertheless slid by nearly $2,000 after jumping to $83,000 on Monday and was just above $81,000. The cryptocurrency had earlier fallen from $84,000 to below $80,000 after higher-than-expected U.S. CPI and PPI data, then rebounded. Most altcoins also declined, with BTW down 33.5% toward $1.50, RAIN down more than 10% to $0.0082 and NEAR down 7% to $4.7. Total crypto market capitalization fell more than 1.3% to $2.720 trillion.