Bitcoin price falls under $62K amid wavering spot BTC ETF demand
Bitcoin price slipped below $62,000 as capital flows into the spot Bitcoin ETFs continue to taper off.
Bitcoin (BTC) price fell 3% on April 16 as crypto investors entered a risk-off mode amid stagnating ETF demand.
Data from Cointelegraph Markets Pro and TradingView showed local BTC price lows of $61,709 on Binance shortly after the Wall Street open on April 16.
Bitcoin joined U.S. stock indexes in heading lower on the day, as the U.S. dollar Index reached a six-month-high of 106.17.
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Author: Nancy Lubale
