Citi: Bitcoin nears pre-election floor as ETF flows stall, Citi says

The cryptocurrency is trading below key ETF cost levels and nearing its pre-election price floor as inflows to these vehicles fade and headwinds build, the bank said. What to know : Citi said long liquidations and sensitivity to equity and geopolitical risk continue to weigh on crypto prices. Progress on a U.S. market structure bill has been uneven, limiting renewed investor inflows. The bank flagged the pre-U.S. presidential election level of $70,000 as critical, given the administration’s stated support for digital assets.