Bitcoin Slips, Weekly ETF Outflows Hit $600M on Macro Jitters: Crypto Daybook Americas

Why It Matters

The hefty ETF outflows underscore a short‑term pullback in crypto demand that could pressure prices, while robust earnings and on‑chain resilience suggest underlying growth, creating a divergence between sentiment and fundamentals.

Summary

Bitcoin hovered around $110,000, slipping 0.3%, while ether dropped 1.3% to $3,840 as AI‑spending forecasts from Meta and Microsoft sparked broader equity sell‑offs and macro‑risk aversion. Spot Bitcoin ETFs saw $600 million of outflows this week, with ETH ETFs losing $184.3 million, reflecting investor caution amid mixed signals from the Fed and ECB on rate cuts. Coinbase beat Q3 expectations, posting $1.9 billion in revenue and confirming profitability for its Base layer‑2 network, highlighting continued on‑chain activity. Analysts stress that despite short‑term fear, long‑term drivers such as the 2028 Bitcoin halving and evolving regulation keep the structural case for crypto exposure intact.