Key facts: Bitcoin price drops to $77,800; ETF outflows and Fed news impact
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Bitcoin's price has fallen below $80,000, now at about $77,800. This drop follows $1.6 billion in net outflows from U.S. spot bitcoin ETFs in January.1Bitcoin has experienced downward pressure on its price this week, attributed to negative flows into spot bitcoin exchange-traded funds, which have hindered sustained buying interest.2Bitcoin's price dropped sharply after President Trump's nomination of Kevin Warsh as the next Federal Reserve chairman, affecting the overall cryptocurrency market.3
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