Global cryptocurrency funds plummeted last week as investors pulled out $942 million, the highest on record
Global cryptocurrency funds plummeted last week as investors withdrew a record $942 million, according to CoinShares International Ltd, Bloomberg reported. Seven consecutive weeks of inflows resulted in more than $12 billion flowing into the fund, pushing bitcoin to a record high on March 14th. However, after a brief pullback, net flows reversed last week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US Senate may advance the crypto bill in December
Zora: Injected $11 million liquidity into the ZORA-USDC pool on Uniswap v3
Millionaire Dave Portnoy buys $1 million worth of XRP at the bottom