Bitcoin Slips on White Paper Anniversary, Weekly ETF Outflows Hit $600M

Bitcoin prices have decreased slightly, dropping 0.3% to approximately $110,000 on the anniversary of its white paper release. This downward movement follows a sell-off in equities driven by concerns over increased spending on AI by major tech firms. Additionally, spot crypto exchange-traded funds (ETFs) recorded significant outflows, with $600 million withdrawn from Bitcoin ETFs and $184.3 million from ETH ETFs this week, reflecting investor caution amid macroeconomic anxieties including inflation and interest rate uncertainties. Despite current market volatility, on-chain activity remains strong, and market experts maintain a positive outlook for long-term Bitcoin prospects due to upcoming events like the halving in 2028 and evolving global regulations. Coinbase reported better-than-expected third-quarter earnings, highlighting ongoing adoption in the cryptocurrency space. Traders are advised to watch macroeconomic indicators closely in the coming weeks as these could influence market sentiment and trading patterns.

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