Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank (opens original article in a new tab)

Bitcoin fell below $60,000 as Deutsche Bank attributed the drop to a hawkish Fed, ETF outflows, and increased investor focus on AI. The bank said institutional demand and macroeconomic factors now drive BTC prices more than retail speculation.

• Bitcoin dropped below $60,000 due to Fed outlook, ETF outflows, and AI investment shifts
• Deutsche Bank noted institutional investors are prioritizing AI over crypto
• BTC price now influenced by fund flows and macroeconomic factors
• U.S. spot bitcoin ETFs had $6 billion in outflows over six weeks