Bitcoin dips below $80K as US spot Bitcoin ETFs see first outflows in May.

Bitcoin briefly surged above $82,000 before dropping below the key $80,000 level. On Thursday, US-listed spot Bitcoin ETFs ended a five-day inflow streak totaling about $1.7 billion, with $277.5 million flowing out in a single day. The Morgan Stanley Bitcoin Trust ETF, the first spot Bitcoin ETF by a US bank, saw modest inflows of $7.3 million and has grown client assets by 557% since its April debut. The crypto market's mixed sentiment is reflected in the Crypto Fear & Greed Index, which fell to "Fear" territory amid Bitcoin's recent volatility.