Bitcoin fell from its all-time high earlier this week, and as of Friday's European session, Bitcoin had fallen more than 10% for three consecutive days, as the shrinking room for monetary policy easing in the United States curbed speculative enthusiasm. Bitcoin continued its decline in European trading on Friday and once approached $95,000. Earlier, Bitcoin had just set a record high of more than $108,000. This round of decline in the cryptocurrency circle has had a greater impact on altcoins such as Ethereum and Dogecoin. On Thursday, a group of U.S. exchange-traded funds (ETFs) that directly invest in Bitcoin ended their 15-day streak of inflows, setting a record of $680 million in outflows, highlighting the shift in market sentiment. Strahinja Savic, head of data and analytics at FRNT Financial, said it was "very typical" to see such a sharp correction in the cryptocurrency bull market, while QCP Capital said in a report that the root cause of the sell-off was the market's "overly optimistic" positions. (Bloomberg)