Odaily Planet Daily News According to the outflow of funds from digital asset investment products and the impact of the prospect of rising long-term borrowing costs in the United States on the cryptocurrency market, Bitcoin fell to a one-month low today.
CoinShares data shows that digital asset investment products saw a total outflow of 600 million USD last week, marking the highest weekly outflow since March. In addition, inflation data has led traders to lower their expectations for a rate cut by the Federal Reserve this year, posing a challenge to speculative investments such as cryptocurrencies.
This quarter, the return rates of stocks and bonds have surpassed Bitcoin, which is a reversal compared to the three months ending in March, when digital assets outperformed the traditional market. (Bloomberg)
According to the latest weekly report from CoinShares, digital asset investment products saw a total outflow of $600 million last week, the largest outflow since March 22, 2024. Furthermore, the outflow was entirely concentrated in Bitcoin, with a total outflow of $621 million. The bearish sentiment also led to a $1.8 million inflow into Bitcoin short positions. Various altcoins saw inflows, with Ethereum, LIDO, and XRP ranking in the top three, with inflows of $13 million, $2 million, and $1 million respectively.
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Affected by factors such as the large outflow of funds from digital asset investment products, Bitcoin fell to a one-month low today.
Odaily Planet Daily News According to the outflow of funds from digital asset investment products and the impact of the prospect of rising long-term borrowing costs in the United States on the cryptocurrency market, Bitcoin fell to a one-month low today. CoinShares data shows that digital asset investment products saw a total outflow of 600 million USD last week, marking the highest weekly outflow since March. In addition, inflation data has led traders to lower their expectations for a rate cut by the Federal Reserve this year, posing a challenge to speculative investments such as cryptocurrencies. This quarter, the return rates of stocks and bonds have surpassed Bitcoin, which is a reversal compared to the three months ending in March, when digital assets outperformed the traditional market. (Bloomberg) According to the latest weekly report from CoinShares, digital asset investment products saw a total outflow of $600 million last week, the largest outflow since March 22, 2024. Furthermore, the outflow was entirely concentrated in Bitcoin, with a total outflow of $621 million. The bearish sentiment also led to a $1.8 million inflow into Bitcoin short positions. Various altcoins saw inflows, with Ethereum, LIDO, and XRP ranking in the top three, with inflows of $13 million, $2 million, and $1 million respectively.