Live markets: Bitcoin is stuck near $64,000 as ETF outflows reach a sixth week
Eased ETF selling and improving risk appetite are being offset by a firmer dollar and cautious institutional flows, leaving bitcoin range-bound, one analyst said.
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Eased ETF selling and improving risk appetite are being offset by a firmer dollar and cautious institutional flows, leaving bitcoin range-bound, one analyst said.
About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.
Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.
Bitcoin’s Sharpe ratio hit a level that has marked every cycle low since 2015, but in each case it preceded months of basing rather than an immediate rebound.
Ether, XRP, Solana and Hyperliquid funds all took in money, but bitcoin’s outflow was really just Grayscale’s GBTC.
Crypto firmed across the board following the largest equity listing in history. The token most tied to Elon Musk traded right in line with the market.
May CPI ran hot on energy and cooler underneath, lifting majors on Thursday, though ether and the large alts are still down 6% to 8% over seven days.
Anthropic’s IPO pipeline, not its new model, is what crypto traders should track.
Stocks recovered through SpaceX’s oversubscribed IPO, an Nvidia and SK Hynix chip pact, and Apple’s AI reboot, while crypto trailed.
Meanwhile, Strive bought 32 bitcoin, the same number Strategy dumped last week.