Following a recent high of $70,000, Bitcoin briefly fell below the $66,000 mark yesterday. This dip was triggered by the US government transferring about $2 billion worth of seized Bitcoin to another wallet, sparking fears of an impending sell-off. This event occurred just a day after presidential candidate Donald Trump announced plans to establish a government Bitcoin reserve.
Last week also marked the conclusion of the first week of Ethereum ETFs trading, with a total net outflow of $340 million across all Ether ETFs combined. It is worth noting that while BTC fell more than 4% in the last 24 hours, ETH has been resilient, falling less than 1%.
