Bitcoin recovers $76,000 as ETFs shed $430 million after tech rout

Following a decline below the $76,000 mark during Thursday's market turbulence, which was primarily fueled by technology sector weakness, Bitcoin managed to climb back above that price point on Friday.

This movement occurred as exchange-traded funds (ETFs) saw a reduction of $430 million.

This pattern of institutional capital flows, reflected in ETF valuations, suggests ongoing shifts in market sentiment among sophisticated investors.

Earlier coverage

• ETFs shed $530M Thursday as Bitcoin falls below $76,000 and US stocks tumble Nov 6
• Mercado Bitcoin hack traces $48.6 million across 11 blockchains after claiming breach contained Nov 5
• Bitcoin holds above $80,000 after Wednesday's jump as spot ETFs end outflow streak Nov 5