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Bitcoin experienced a drop below $90,700 as U.S. spot Bitcoin ETFs saw $243 million in net outflows. Fidelity’s Bitcoin ETF led redemptions with $312 million leaving, while BlackRock’s iShares Bitcoin Trust gained $228 million. Experts see this as portfolio rebalancing rather than a loss of conviction. Traders are now looking at other cryptocurrencies like ETH, XRP, and Solana. BTC failed to hold $94,000 and is testing support at $90,868.
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