$XRP Bitcoin Plummets Below $80,000, Ethereum, XRP, Dogecoin Get Hammered As Crypto Crash Continues
Bitcoin BTC/USD continues to tumble, falling as low as $78,433 in early Friday morning hours amid a record streak of spot Bitcoin ETF outflows.
What Happened: According to data from SoSoValue, U.S. spot Bitcoin ETFs have seen $3.2 billion in net outflows over an eight-day period, matching the longest negative streak since their debut.
This trend has resulted in a monthly net outflow of $3.65 billion for February, with only four days of net inflows recorded this month.
The largest single-day outflow occurred on Tuesday, with a record $1.14 billion leaving these funds.
BlackRock’s IBIT, the largest Bitcoin ETF by net assets, experienced its most significant outflow of $418 million on Wednesday.
Thursday’s outflows moderated to $275.8 million, though potential easing of selling pressure was not reflected in the price of Bitcoin, which is trading around $80,345, down 6.9% at the time of writing.
The entire crypto market capitalization has contracted by 8.7% to $2.76 trillion in the past day amid broader market concerns following President Trump’s aggressive tariff policies.
