Helena Lyng Blak
5 weeks ago

Crypto Sees Largest Outflow in Months, One Coin Takes the Impact

Discover which cryptocurrency led the largest outflow in months and the surprising coins that managed to attract new investments.
Death bitcoin. Coin bitcoin in the gallows on a white background. Isolated. — Photo by Nebasin
Death bitcoin. Coin bitcoin in the gallows on a white background. Isolated. — Photo by Nebasin

Last week (June 10-16) saw the biggest outflow of digital asset investments since late March.

Bitcoin led the downward trajectory with a $621 million outflow, contributing to the total outflow of over $600 million.

According to CoinShares, this most recent dip follows a familiar pattern, last seen on March 22 of this year, when a period of significant inflow was abruptly ended by the Federal Open Market Committee (FOMC) meeting displaying a more hawkish than expected attitude.

Trading volumes dipped significantly, declining to $11 billion for the week of June 10-16. This is considerably below the $22 billion weekly average observed throughout the year.

Not all cryptocurrencies, however, have seen outflows; CryptoBriefing notes that Ethereum, Lido, and XRP all attracted inflows, with Ethereum gaining most significantly, receiving $13 million.

Nevertheless, Ethereum’s price has fallen over the last week, dropping to roughly $3,500, a decline of 4.28%. Despite this, it has soared 15.18% in the last 30 days.

The outlook is less favorable for coins like Solana, which tumbled nearly 10% in the last seven days and slid almost 15% in the last 30 days.

Bitcoin, as expected, does not look too hot either. Its price has dipped below $66,000, signifying a decline of more than 5.40% in the last seven days and putting its 30-day price in the red.


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