Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?
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- Bitcoin stalled near $80,000 on Friday after a rejection at $82,500.
- US‑listed spot Bitcoin ETFs recorded $268 million in net outflows on Thursday, ending a four‑day inflow streak.
- Leveraged Bitcoin futures saw $270 million in liquidations in a 24‑hour period.
- Coinbase reported a 31% YoY revenue decline for Q1 2025, while Robinhood’s crypto revenue fell 47% over the same period.
- Kevin Warsh is expected to replace the Fed chair, a move analysts view as a catalyst for Bitcoin’s price rebound.
Why it matters: Retail crypto investors lose as Coinbase and Robinhood report 31% and 47% revenue drops, while analysts view a new Fed chair as a catalyst for Bitcoin’s price rebound, benefiting institutional investors.
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