Bitcoin price slumps after investors fast cash out of ETFs to avoid risk

Bitcoin’s price is down nearly 7% over the past week after US investors cashed more than $1.3 billion out of exchange-traded funds giving exposure to the leading digital coin. The price of Bitcoin recently stood at $89,225, according to CoinGecko, a drop of 1% over a 24-hour period. Investors cashed out every single day this week from US funds, according to Farside Investors data. Bitcoin traded higher last weekend — briefly touching $95,419 — before dropping hard on US President Donald Trump’s renewed ...