Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI

U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.\nWhat to know : Global equities hit fresh records on the back of the AI trade, even as rising oil prices and Middle East tensions weighed on broader risk sentiment. Bitcoin and major cryptocurrencies declined over the past week amid a record 10-session, $2.97 billion outflow streak from U.S. spot bitcoin ETFs and sustained redemptions from ether funds. The lone bright spot in digital assets was Hyperliquid’s HYPE token and its new U.S. spot ETF, which have attracted steady inflows and outperformed the wider crypto market.