Bitcoin traded near $80,800 on Saturday morning after a turbulent week that pushed the leading cryptocurrency below its 50-day moving average for the first time in 66 consecutive sessions. The slide followed a broader tech-stock selloff, with the Nasdaq posting its largest single-day decline since

Bitcoin dropped as low as $79,332 before recovering to $80,240, according to CoinGecko data. Analysts cited a tech-stock sell-off, spot ETF outflows and caution ahead of Wednesday's Fed decision.

US spot Bitcoin ETFs saw their largest single-day outflows in July, with $424.66 million leaving the funds, reversing a brief return to positive weekly flows. US-listed spot Bitcoin exchange-traded funds (ETFs) returned to outflows, reversing the previous week’s short-lived return to positive flows. Spot Bitcoin ETFs recorded $424.66 million in net outflows on Monday, marking their biggest single-day withdrawal in July so far, according to SoSoValue data. The latest outflow reversed last week’s $197.4 million new inflows, which had briefly ended an eight-week run of weekly withdrawals and raised hopes that institutional demand was recovering. Read more

US spot Bitcoin ETFs saw their largest single-day outflows in July, with $424.66 million leaving the funds, reversing a brief return to positive weekly flows.

US Bitcoin ETFs suffered their biggest outflow since June as BTC slid below $75K following the key Senate CLARITY vote.