Bitcoin pulls back from $84,000 as oil recovers, ETFs bleed over $600 million

Bitcoin BTC $83,696.96 has reversed early gains as analysts express concern over large outflows from spot exchange-traded funds. As of 10:30 UTC, the leading cryptocurrency by market value traded near $83,400, down from the high of around 84,250 hit early today, according to CoinDesk data. Other cryptocurrencies, such as XRP (XRP), ether ETH $2,491.88 and solana (SOL) followed a similar trajectory. BTC’s early gains came as oil dropped during Asian hours, likely in response to President Donald Trump’s Friday announcement that his administration reached an agreement for Russia to supply 300,000 metric tons of diesel fuel to international and domestic…