Bitcoin's recent inability to maintain a price surge towards $70,000 has led to a broader decline in the crypto market, with the CoinDesk 20 index dropping nearly 2%. U.S.-listed Bitcoin ETFs experienced a breakthrough in their inflow streak, reporting a net outflow, indicating a shift in investor sentiment. As Dogecoin (DOGE) and XRP fell by 5% and 4%, respectively, traders opted to capitalize on previous gains. Despite this downturn, some traders remain optimistic about a potential rally towards $80,000 as the U.S. elections approach. Analysts have noted a slowdown in stablecoin volumes, suggesting reduced liquidity for crypto purchases. Bitcoin ETFs saw a significant $80 million in outflows, with Ark Invest's ARKB leading the decrease at $134 million. BlackRock's ether ETF, however, recorded positive inflows of $11 million while other products stagnated. Market experts emphasize that the lack of stablecoin liquidity could hinder growth in the cryptocurrency sector, previously boosted from August to September. Overall, Bitcoin's resistance at $70,000 appears to be a critical factor in the current market slump.

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