JPMorgan holds $549M in Bitcoin ETFs and boosts MicroStrategy stake to $131M by Q3 end

Bitcoin drops below $70,000 amid ETF outflows and inflation fears after U.S. midterms.

Bitcoin fell below $70,000, its lowest since August 20, driven by over $2.5 billion in net outflows from U.S. spot Bitcoin ETFs between Oct. 30 and Nov. 11. Inflation concerns and expectations of further Federal Reserve rate hikes added pressure, whi...