Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank

etf

Bitcoin slipped below $60,000 to its lowest level since late 2024, which Deutsche Bank attributes to a hawkish Fed, ETF outflows and capital rotating into AI. These factors point to reduced institutional demand and tighter macro conditions weighing on BTC. Expect continued downside pressure and elevated volatility until monetary policy eases or ETF flows stabilize.

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