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    Bitcoin slips below $74,000, Ethereum falls to $2,053 as US inflation, rising Treasury yields and ETF outflows weigh on crypto markets

    Bitcoin and Ethereum declined as hotter-than-expected US inflation, rising Treasury yields and institutional ETF outflows pressured cryptocurrency markets. Analysts highlighted crucial support levels, weakening momentum and monetary policy concerns, while investors awaited further inflation signals and potential market stabilisation.

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    Bitcoin drops below $75,000 as strong US jobs data and ETF outflows weigh on crypto markets

    The price of Bitcoin has recently fallen under $75,000, as strong US job data signals potential tightening of monetary policies. Trading at $74,796, Bitcoin is dealing with considerable strain from ETF outflows and liquidations. Analysts predict that regaining the $76,000 threshold could enhance its prospects. Additionally, Ethereum is under pressure, requiring a rise above $2,230 to gain any positive traction in the current volatile cryptocurrency market.

    Coinbase flags issues with DOT deposits, withdrawals

    Coinbase has shared that some users might be seeing delays when sending or receiving on the DOT network.

    Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole

    Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.

    Bitcoin price prediction: BTC USD could crash to $68,000 before recovery - here's what analysts expect

    Bitcoin price prediction: BTC USD is struggling to recover after briefly falling below $75,000, with analysts warning that another decline could come before a sustained rebound. While some see potential downside towards $73,400, a more bearish forecast points to $68,000. Spot Bitcoin ETF outflows have added to market pressure.

    The Economic Times
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