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Bitcoin ETFs see $1.28B outflows amid strong US jobs data and crypto regulation uncertainty

Market News
09 Nov 2026, 09:13 WIB
Crypto news
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Bearish
Bitcoin ETFs see $1.28B outflows amid strong US jobs data and crypto regulation uncertainty

US spot Bitcoin ETFs experienced $1.28 billion in net outflows during the week ending November 6, driven largely by BlackRock's iShares Bitcoin Trust withdrawals. This decline reflects weaker institutional demand and rising Treasury yields, compounded by stronger US employment figures that increased expectations of a Federal Reserve rate hike in December. Bitcoin's price faces critical support near $74,400, with further selling possible if this level breaks. Investors are closely watching upcoming US inflation data and Federal Reserve meeting minutes for signals on interest rate direction amid ongoing uncertainty over cryptocurrency legislation following recent US midterm election results.

Bitcoin price prediction is the subject, with Pluang market data providing context. For readers following major cryptocurrencies, 6 out of 50 rose while 43 fell today. Notable movers include EOS at Rp12.649 with a +8.13% change, XRP at Rp19.752 down 6.34%, and XTZ at Rp4.460 down 5.55%, as of Nov 09, 2026 13:51 WIB.

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