ANALYST: BITCOIN PRICE MAINTAINED AT $76,000, UNDER PRESSURE FROM ETF FUNDS OUTFLOWS

Bitcoin prices remained close to $76,000 on 3 September, although earlier that day they fell to a low of approximately $76,264. The rebound was under pressure owing to the weakening of spot demand and the outflow of $236.5 million in United States ETF funds. Bitcoin prices were traded at the time of writing at approximately US$ 77,700, an increase of about 1.2 per cent 24 hours. According to the market analyst Rain, negative demand signals could transform $77,000 into a resistance position. The current market ' s increased reliance on short-term buyers and the fall of $76,000 could trigger forced sales and further down to $74,000。