Bitcoin Price This Week: BTC Holds Near $70,000 After Fed, Oil Shock and ETF Outflows
Bitcoin traded at $70,419 Saturday after falling below $70,000 on Thursday, erasing gains from earlier in the week. U.S. spot bitcoin ETFs saw outflows for four straight days, while Brent crude hit $112.19, its highest since July 2022. Citi cut its 12-month bitcoin target to $112,000 and warned of a $58,000 recession scenario if energy prices and yields remain high. Ether hovered near $2,152.