Bitcoin Bitcoin
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Bitcoin was trading at $105,550 on Sunday, June 8, up by 5% from its lowest point last week. It remains 5.75% below its highest point this year.
Bitcoin has wavered recently because of investor profit-taking. In May, its price surged to a record high of $111,900, a 50% surge from the lowest level in April.
BTC also wavered as data pointed to outflows from exchange-traded funds. SoSoValue data shows that these ETFs shed $128 million last week after shedding $157 million a week earlier. It was the first back-to-back weekly outflows since April.
Further data shows that sentiment among crypto investors has turned neutral this month. The closely-watched fear and greed index has dropped to the neutral point of 56.
Bitcoin has also wavered after reports emerged that China was considering selling its seized coins. Data shows that it holds 190,000 coins worth over $20 billion.
