Bitcoin Stumbles Near $67,000 as Crypto Market Lags Behind Stocks

The cryptocurrency market is experiencing a period of consolidation, with Bitcoin struggling to break above the $67,000 mark. Investor confidence appears to be waning, as evidenced by $226 million in net outflows from U.S.-listed spot bitcoin ETFs on Thursday. While Bernstein predicts Bitcoin will hit $1 million within 10 years, with a cycle-high of $200,000 by 2025, the current market sentiment suggests cautiousness among investors. The broader crypto market is also down nearly 1%, as measured by the CoinDesk 20 Index (CD20). Notably, TRX is the only coin showing signs of new inflows, as indicated by a positive cumulative volume delta (CVD) in futures tied to the top 25 cryptocurrencies by market value.