Currencies38131
Market Cap$ 2.28T+2.23%
24h Spot Volume$ 27.11B-18.1%
DominanceBTC56.42%+0.46%ETH9.48%+0.81%
ETH Gas0.12 Gwei
Cryptorank
/

Crypto market sees nearly $1 billion in outflows this week


Crypto market sees nearly $1 billion in outflows this week

Share:

AI Overview

Crypto funds bled nearly $1 billion this week as CoinShares reported global crypto exchange-traded products lost $920 million, with Bitcoin products alone seeing $830 million in outflows. The selloff was triggered by hotter US inflation/producer prices that prompted a risk-off move, hitting Bitcoin harder than the rest of the crypto market and pressuring liquidity and short-term price risk for ETPs and DeFi exposure.

Bearish

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
Crypto funds bled almost $1 billion this week as hotter US inflation numbers pushed investors away from risk and hit Bitcoin harder than the rest of the market. CoinShares (STO: CS) said global crypto exchange-traded products lost $920 million, while Bitcoin products alone saw $830 million leave. The pressure started after US producer prices came...
Read the article at CryptoPolitan

In This News

Coins

$ 64.38K

+2.70%

$ 0.0451

+0.62%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 64.38K

+2.70%

$ 0.0451

+0.62%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share: