Crypto News

Outflows Triggered by Macro Factors Amidst rising concerns about inflation and potential interest rate hikes, investors have been diversifying their portfolios and reducing exposure to riskier assets like cryptocurrencies. This past week, outflows from digital asset products reached $94 million, the largest since February. As a result, the price of Bitcoin dropped below $50,000, causing a ripple effect across the entire crypto market. Bitcoin Dominance Shaken Bitcoin's dominance in the crypto market has been steadily declining as altcoins continue to gain traction. Ethereum, which has been hitting all-time highs, saw inflows of $34 million last week. Other altcoins like Cardano and Binance Coin have also been on the rise, attracting more investors and contributing to the overall market cap of cryptocurrencies. The Rise of Crypto Hashtags With the growing popularity and adoption of cryptocurrencies, hashtags like #Bitcoin and #Ethereum have been trending on social media pl...