Bitcoin ETFs Bleed $287M, Largest Day by day Outflow in 4 Months

Bitcoin’s value fell over 2.7% to $57,500 on Tuesday, reversing Monday’s bounce. The losses got here after the U.S. ISM manufacturing PMI printed beneath 50, indicating a continued contraction within the exercise in August. The information revived progress fears, weighing over threat belongings, together with cryptocurrencies.