Crypto funds have experienced $173 million in outflows as Bitcoin prices dipped below $70,000. This marks the fourth consecutive week of withdrawals from cryptocurrency investment products.
The outflows were reported by CoinShares, highlighting a continued trend of investors pulling back from crypto assets. The report indicates that the total outflows over the past month have reached $3.7 billion.
Bitcoin, the leading cryptocurrency, has been under pressure, contributing to the withdrawal trend. The decline in Bitcoin's price is seen as a significant factor influencing investor sentiment and fund flows.
The ongoing outflows are significant as they reflect broader market concerns and investor caution amid fluctuating crypto prices.
Key facts
- Crypto funds saw $173 million in outflows last week.
- Bitcoin prices fell below $70,000.
- This is the fourth consecutive week of outflows.
- Total outflows over the past month reached $3.7 billion.
Sources
About Leonard Kravets
cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.
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