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US Bitcoin Spot ETFs Collectively Reduce Holdings, Dumping 3,169 BTCJune 17, 2023 - According to blockchain data platform Lookonchain, nine US Bitcoin spot ETFs collectively reduced their holdings today, shedding a total of 3,169 BTC, worth approximately $208 million. Fidelity led the sell-off, reducing its holdings by 1,224 BTC, valued at around $80

Bitcoin Price Drops Again on Waning Demand for US ETF, Reduced Bets on Fed Easing Summary Bitcoin prices have fallen again amid cooling demand for a dedicated US exchange-traded fund (ETF) and reduced bets on monetary policy easing by the Federal Reserve. The robust rally in cryptocurrencies this year is losing steam as persistent US price pressures prompt investors to pare back bets on Fed rate cuts, buoying Treasury yields and the US dollar

According to reports, Elon Musk stated on Wednesday that the cost of Dogcoin needs to be reduced in order for this cryptocurrency to be more widely used in retail shopping. Previously, AMC Entertainment Holdings intended to accept cryptocurrency, allowing users to purchase tickets and licensed products online