Crypto News

Outflow of US$72 million The digital asset investment market saw a significant outflow of US$72 million in the recent weeks, matching the largest withdrawal recorded in March this year. This outflow was mainly driven by investors selling off their holdings in various cryptocurrencies. Bitcoin, one of the most popular and well-known cryptocurrencies, saw the largest outflow of $643 million. This was a result of the recent market volatility and uncertainty surrounding the asset. As a result, many investors decided to cash out their holdings and take profits. Ethereum, the second largest cryptocurrency by market capitalization, also saw a significant outflow of funds. This was likely due to concerns over the upcoming Ethereum 2.0 upgrade and its potential impact on the market. Inflow of $6.2 million for Solana While there was a large outflow of funds from the digital asset investment market, there were also some notable inflows. Solana, a relatively new and lesser-known crypto...