Bitcoin Drops 4% on the Week as ETFs Shed $678.9M; Key Support at $80,000
- —Bitcoin ETFs saw $678.9 million in weekly outflows, with a $21 million inflow into IBIT on Friday
- —BTC fell to $80,434 on Thursday and trades near $83,000 on Friday
- —The price is about 34% below its record high of $126,080
- —10-year Treasury yields near 5.3%, Brent above $100, and Fed minutes point to one more rate hike
Why it matters: Holding the $80,000–81,000 zone keeps the drop a correction; a break opens the way to $79,400, while a move above $85,000 targets $87,400.
Source: Bithub