Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue

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Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue
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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

"It will take some time" until bitcoin recovers to $73,000, Galaxy CEO Mike Novogratz said at the Bitcoin Investor Day in London

" will take some time before we take out that $73,000 again," said Mike Novogratz, CEO of digital asset investment company Galaxy Digital, during a panel discussion at Bitcoin Investor Day in New York Friday morning. So far through the week, the spot ETFs have recorded over $830 million outflows, and are on track to endure their second negative week since late January when BTC corrected to $39,000.

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