Bitcoin gains reversed, falling back to $63,000
2026-11-15 10:03:47
According to CoinMeta, as reported by Coin Bureau, Bitcoin's gains from the past week have been reversed, and its price has now fallen back to $63,000. Previously, in August, Bitcoin saw a one-week increase of $14,775, setting a new record for the largest weekly gain at 23.5%. Factors that drove this upward trend included: on August 19th, the U.S. Treasury Department announced an expansion of long-term Treasury bond repurchases, which led to a decline in yields and the dollar, increasing risk appetite. As a result, bears were forced to cover their positions, accelerating the upward movement. From August 17th to 21st, Bitcoin ETF attracted $1.92 billion in funds, with an average of about $384 million per day. However, in the past two weeks, $2.35 billion in funds have flowed out. Although retail investors can choose to buy, a sustained recovery may require the return of larger buyers and a reduction in macroeconomic pressures.
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