Bitcoin Clings to $73,000 as ETF Outflows Stretch to Fourth Session and Rate-Hike Bets Surge

Bitcoin was holding near $73,000 as outflows from bitcoin exchange-traded funds extended into a fourth session, according to BigGo Finance. The report also pointed to growing market expectations that interest rates could rise, adding to pressure on risk-sensitive assets including cryptocurrencies.

Bitcoin ETFs are investment vehicles that give investors exposure to bitcoin through shares traded on stock exchanges rather than through direct ownership of the cryptocurrency. Flows into and out of these products are closely watched because they can signal changes in institutional and retail demand for bitcoin exposure.

Rate expectations matter to crypto markets because higher borrowing costs and tighter financial conditions can reduce appetite for assets viewed as higher risk. Bitcoin’s ability to remain around $73,000 came as investors weighed the continued ETF withdrawals alongside the shift in rate-hike expectations.