Bitcoin maintained its position near $109,000 on October 31, buoyed by positive sentiment from tech earnings reports by Amazon and Apple. This optimism extended to Asian markets, with Japan and South Korea experiencing gains due to easing US-China trade tensions.
Despite the positive market sentiment, crypto ETFs experienced significant net outflows. Bitcoin ETFs saw $488 million in outflows, while Ethereum ETFs recorded $184 million in outflows on October 30. Analysts are observing cautious positioning in derivatives markets and are eyeing the upcoming US jobs report as a potential driver for future price movements.
Bitcoin Steadies at $109K Amid Tech Earnings Boost
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