Bitcoin price retests $63K despite GBTC outflows dropping below $100M

Bitcoin bulls fail to catch a break as BTC price weakness defies a slowdown in GBTC offloading.

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Bitcoin (BTC) plugged intraday lows at the March 22 Wall Street open despite lower outflows from the Grayscale Bitcoin Trust (GBTC).

Data from Cointelegraph Markets Pro and TradingView tracked limp BTC price performance as $63,000 returned to the radar.

The largest cryptocurrency failed to hold higher levels, which resulted from an earlier rebound, with its old 2021 all-time highs at $69,000 staying unchallenged.

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