Crypto investment products have suffered significant outflows for four consecutive weeks, totaling $4.75 billion as a result of a market downturn that has erased gains made after the November 2024 U.S. Presidential election. Despite this decline, cryptocurrency prices remain higher than pre-election levels, with Bitcoin up over 21%. Investor sentiment in the U.S. is notably bearish, while Europe and Canada show modest inflows. Notably, products focused on Bitcoin experienced the largest outflows at $756 million, while some altcoins, like Solana and XRP, saw minor inflows.
What is your reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0