Why is Bitcoin price down today?

Date: 2025-04-16

Bitcoin’s (BTC) price has dropped by over 2.5% over the last 24 hours to $83,400 as concerns over tariff impacts continue to sour investor sentiment.BTC/USD daily chart. Source: Cointelegraph/TradingViewSeveral factors are behind Bitcoin’s decline today, including:Sluggish institutional demand as spot Bitcoin ETF flows turn negative.Bullish momentum stalls.Low whale accumulation.BTC price rejection at key trendlines.Negative spot Bitcoin ETF flows returnSpot Bitcoin exchange-traded funds (ETFs) have been a significant driver of institutional interest, but recent data suggest the demand is waning.Spot Bitcoin ETFs saw a total of $964 million in net outflows between March 28 and April 15, according to data from Farside Investors. The strong s...

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