The total cryptocurrency market cap dropped by 2.4% to $3.06 trillion, with Bitcoin falling to around $87,780 due to sustained whale selling and $5.1 billion in ETF outflows. Market sentiment is dominated by fear, reflected in a Fear & Greed Index reading of 29, while Ethereum ETFs see positive inflows in contrast to Bitcoin ETFs. BlackRock continues to support Bitcoin’s long-term outlook, identifying its spot BTC ETF as a key investment theme for 2025 despite current bearish conditions.

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