Bitcoin (BTC) is trading at $88,857, marking a 3.87% decrease over the past 24 hours, according to Coinmarketcap. The session was influenced by several developments affecting market sentiment. JPMorgan reaffirmed its model comparing Bitcoin with gold as a reserve asset, noting continued institutional adoption. Meanwhile, the crypto market experienced a broad correction following more than $300 million in outflows from U.S.-based ETFs.
BlackRock’s iShares Bitcoin Trust (IBIT) reported a single-day outflow of $113 million, its largest since launch, extending several weeks of negative flows. The firm stated it expects market stabilization before seeing renewed inflows. Internationally, Russia’s VTB Bank announced plans to offer spot Bitcoin trading starting in 2026, signaling expanding institutional engagement in emerging markets.
European authorities also reported the dismantling of a fraud and money-laundering network that allegedly circulated over $815 million through false crypto investment schemes, reinforcing the regulatory debate around transparency and investor protection within digital asset markets.
Source: Coinmarketcap
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