Analyzing the Impact of ETF Outflows and Macro

After experiencing the most significant drop since November 2022 with a 16% price decline, Bitcoin quickly rebounded in the first week of May. The downturn was mainly due to substantial outflows from U.S. spot Bitcoin ETFs and ongoing liquidity challenges worsened by the expectation of tighter macroeconomic conditions. Furthermore, the performance of the Hong Kong ETF launch did not positively surprise the market, and its size was insufficient to exert a price impact. Discover all the recent developments around Bitcoin in this edition of the monthly Bitcoin market roundup by Cointelegraph Research.

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