Bitcoin trades near $60,000, logs weakest month since June 2022 amid ETF outflows

Bitcoin trades near $60,000 after logging its weakest monthly performance since June 2022, pressured by continued ETF outflows and subdued institutional demand. The global crypto market capitalisation stood at $2.08 trillion, with BTC rebounding from a 21-month low of $57,950. Analysts note that a weaker US dollar and easing inflation expectations are providing near-term support, but prices will remain influenced by dollar strength, ETF flows, and the Fed's monetary policy decision.