Markets· ★★★★· bearish·

Crypto market recap: BTC down 2.46% on the week, ETH falls 6.61% as ETF outflows hit $702M

  • —BTC lost 2.46% from October 2 to 9, failing to clear the $87,000 barrier
  • —ETH fell 6.61% and traded below $2,500 for the first time in three weeks
  • —Spot bitcoin ETFs posted $702.23 million in outflows, the largest since late June
  • —Ether ETFs bled $485.97 million, with $420.94 million exiting BlackRock's ETHA
Why it matters: Rising oil prices and Treasury yields amid the Iran conflict are curbing risk appetite, while record ETF outflows add pressure on BTC and ETH.
Source: BitNovosti