Why is Bitcoin price stuck below $75,000?

Bitcoin has struggled to reclaim $75,000 as continued withdrawals from US spot exchange-traded funds, weak buying demand and uncertainty over the Federal Reserve's next interest rate decision have kept the cryptocurrency under pressure. Bitcoin struggled to reclaim $75,000 despite a modest daily recovery, with the cryptocurrency still down nearly 10% over the past month. US spot Bitcoin ETFs recorded approximately $1.28 billion in net outflows during the first week of November, followed by another $201 million in withdrawals on November 9.