Bitcoin has been under considerable pressure over the past weeks since zooming to an all-time high above $73,500 late in the first quarter. The second quarter saw a slowing of inflows and even on occasion sizable net outflows into the U.S.-based spot ETFs. Then in late June into early July, a flood of supply from the sale of government holdings and the return of Mt. Gox tokens sent the price crashing to below $54,000 at one point, nearly 27{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} below that record high.
Bitcoin Price (BTC) Rises After June CPI Turns Negative
