Bitcoin Falls to the $74,000 Range as ETF Outflows Continue for Eight Straight Trading Days [Crypto Briefing]

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\r\n[Financial News] Bitcoin fell to the $74,000 range on the 28th. The cryptocurrency is on a downward trend, with funds leaving Bitcoin exchange-traded funds (ETFs) for eight consecutive trading days.
According to global crypto data platform CoinMarketCap, Bitcoin was trading in the $74,000 range as of 10:15 a.m., down 2.12% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 4.65%.
Bitcoin is trading in the 109 million won range on Korean won markets. Based on global crypto market comparison platform Cryprice, the Korean premium stands at -2.04%.
Bitcoin has continued to decline since falling below the $80,000 mark on the 15th. In particular, after moving sideways in the $75,000 range since the previous day, it dropped to the $74,000 range on this day.
Institutional money is also flowing out. According to CoinMarketCap, institutions recorded net selling in spot Bitcoin ETFs for eight consecutive trading days from the 15th to the 27th.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 34 on the day, indicating "fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and values closer to 100 as "extreme greed."
At the same time, Ethereum was trading in the $2,022 range, down 2.68% from the previous day. Ripple (XRP) was trading in the $1.30 range, down 1.79%.
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yimsh0214@fnnews.com Lim Sang-hyeok Reporter