Bitcoin slips below $60,000 as ETF outflows and middle east tensions weigh. Here is what experts say

Bitcoin slipped about 0.3% to trade around $59,500, briefly losing the $60,000 level, while Ethereum edged up 0.4% to $1,577. The decline was driven by continued selling through US spot Bitcoin ETFs, persistent inflation concerns keeping US Fed rates higher for longer, and escalating Middle East geopolitical tensions. Global crypto market capitalisation fell 0.2% to $2.06 trillion, with Bitcoin down 6% and Ethereum down 9% over the past week, marking only the third time Bitcoin has started a year with two consecutive losing quarters.