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On the Chain: Bitcoin falls below US$75,000 as ETF outflows and regulatory fears deepen
Bitcoin has fallen below US$75,000 as cryptocurrency markets extend their recent sell-off, with Ethereum, Solana and XRP also under pressure amid heavy ETF outflows and renewed concerns over US regulation.
Bitcoin was trading around US$74,700, down about 1.5% over 24 hours, after briefly touching US$73,700, its lowest level since August.
Ethereum was around US$2,120, down roughly 5%, while Solana traded near US$86.60 and XRP around US$1.12.
The broader market remained firmly risk-off, with only a small number of major tokens posting gains over the latest session.
US spot Bitcoin ETFs recorded US$430.2 million of net outflows on November 5, followed by another US$411.9 million on November 6, taking seven-day withdrawals to about US$1.9 billion.
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