bitcoin took a nearly 2% dip to $72,365 on Thursday.
The main reasons? Big money is pulling out of US spot bitcoin ETFs, and there's growing talk that the Federal Reserve might hike interest rates soon.
All this has made investors a bit nervous about riskier assets like crypto.
US spot bitcoin ETFs lose $1.5B
Institutional investors have been selling off: US spot bitcoin ETFs saw five straight days of outflows, losing about $1.5 billion (with $299.8 million just on November 11).
Plus, higher-than-expected US inflation in October has people bracing for a possible Fed rate hike in December.
With bitcoin's market cap at around $1.5 trillion and trading volume at $24.2 billion, these moves are making folks extra cautious about what's next for crypto.