BTC weakens despite rebound in U.S. stock futures

Bitcoin remained rangebound near $74,000 after falling to as low as $72,700 yesterday, even as U.S. equities recovered, CoinDesk reported. The outlet said AI cloud company CoreWeave posted earnings above market expectations, helping Nasdaq 100 futures rebound 1.7%. By contrast, the CoinDesk Memecoin Index and CoinDesk 80 Index fell 1.2% and 0.3%, respectively. Spot Bitcoin ETFs in the U.S. also continued to see outflows. According to SoSoValue, U.S. spot Bitcoin ETFs recorded net outflows of $95 million yesterday, extending the streak to four consecutive trading days. BlackRock's IBIT saw $78 million in outflows, marking a net outflow streak of eight straight trading days.