Even as the Greenland situation calms, virtual assets are broadly falling as funds flow out en masse from bitcoin and ethereum exchange-traded funds (ETFs) after Trump reversed his position.
As of 8:10 a.m. on the 23rd, on CoinMarketCap, a global coin market tracker, bitcoin was down 0.75% from 24 hours earlier at $89,188. Earlier, bitcoin fell to $88,438, breaking below $89,000. The previous day, bitcoin had recovered $90,000 after Trump reversed his view that he would not impose additional tariff on Europe.
No. 2 by market cap, ethereum, is trading down 2.41% at $2,943. No. 4, Binance Coin, is down 0.29% at $885, and No. 5, Ripple, is down 2.3% at $1.91.
Despite a broad rally in U.S. stocks as the Greenland situation eases, major cryptocurrencies are falling across the board, apparently because investors are pulling money after watching Trump’s flip-flopping. On the day alone, about $1 billion net flowed out of ETFs that track the spot prices of bitcoin and ethereum.
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