Bitcoin rebounds with equities but $390M ETF outflows weigh on sentiment

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Bitcoin's price moved in tandem with a recovery in equity markets, reflecting its continued correlation with broader financial assets. However, the positive momentum was tempered by approximately $390 million in net outflows from Bitcoin ETFs over the past week. Market participants remain cautious as bullish conviction stays limited amid the persistent redemptions. Additionally, the probability of landmark cryptocurrency legislation passing stands at just 10%, adding further uncertainty to the market outlook.

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