The cryptocurrency market is experiencing volatility triggered by the US Federal Reserve's comments on interest rates, leading to two days of Bitcoin ETF fund outflows.
ETF Fund Outflows
Following three consecutive inflow days exceeding 2.43 billion between Nov. 11 and Nov. 13, weekly Bitcoin quotes fell 3%. The most significant outflows were recorded on Nov. 14 — $400.7 million. BlackRock's IBIT remained the only fund with inflows, attracting $130.4 million.
Bitcoin Growth Prospects
Despite outflows, some experts expect Bitcoin to reach $100,000 by the end of the year. Figures such as Michael Saylor argue that cryptocurrency has the potential for significant growth.
Expert Analysis
Analysts suggest that Bitcoin is just beginning its parabolic phase, which historically lasts 300 days. The phase is currently on day 11, leaving room for further growth.
Bitcoin continues to draw investor interest despite short-term fluctuations. Market participant optimism remains high.
