Bitcoin falls below $90,000, hitting a seven-month low. BlackRock's bitcoin ETF (IBIT.US) sets a record for the largest single-day outflow.

According to the Wise Financial APP, iShares Bitcoin ETF (IBIT.US), a flagship product under BlackRock, experienced a net outflow of approximately $523 million on Tuesday, marking the largest single-day withdrawal since the fund was launched in January 2024. Data from Farside Investors shows that this wave of redemptions coincided with Bitcoin prices falling below $90,000, hitting the lowest level in seven months, reflecting a sharp deterioration in market sentiment towards cryptocurrencies.