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One platform for global traditional assets
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Deep Tide TechFlow News, May 23, According to CoinDesk, Bitcoin briefly dropped to approximately $74,300, hitting a low since April 20, and falling about 10% from the recent high of over $82,500 on May 6. The report pointed out that US-listed spot Bitcoin ETFs have experienced a net outflow of over $2.26 billion in the past two weeks, with $1.26 billion net outflow this week alone, the largest weekly outflow since January of this year. Meanwhile, US Treasury yields and yields on developed market government bonds have risen, weakening market demand for high-risk, non-yield assets like Bitcoin.