KZG Crypto
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The $1.43 Billion Great Escape from Digital Assets: A Dangerous Signal of Market Shift
CoinShares' latest report shows that last week, global digital asset investment products experienced a withdrawal of $1.43 billion, setting the largest single-week outflow record since March of this year. This figure is like a loud slap in the face, waking up investors still dreaming of a bull market.
Bitcoin was hit hardest, with a weekly outflow reaching $1 billion. This is due to some early investors taking profits at high levels and reflects the market's concerns about macroeconomic uncertainty. Every shift in the Federal Reserve's policy and global inflation data could trigger panic withdrawals of funds.
Bitcoin was hit hardest, with a weekly outflow reaching $1 billion. This is due to some early investors taking profits at high levels and reflects the market's concerns about macroeconomic uncertainty. Every shift in the Federal Reserve's policy and global inflation data could trigger panic withdrawals of funds.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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