Login Sign Up
Back to Feed
News

Bitcoin Funds Shed $264M Last Week, Alts Reverse Negative Trend

🤖 GG AI Summary

Bitcoin investment products experienced outflows totaling $264 million last week, but the pace of these outflows has slowed, suggesting a potential turning point for the market. Meanwhile, alternative cryptocurrencies have begun to reverse their negative trends, indicating a possible recovery phase. This could signal renewed interest and stability in the crypto market.

Sentiment: 62% Bullish

CoinShares noted that the market may have reached an ‘inflection point’ as outflows from Bitcoin investment products slowed.

Comments