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Bitcoin Bears the Brunt of Growing Pessimism With $630M Outflows

Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...

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Bitcoin (BTC) Price Breaks Below $60K for the First Time Since May 3

The Monday massacre continues as the primary cryptocurrency slipped below $60,000 for the first time in nearly two months. The altcoins are in a dire state as well, with several double-digit price losers, as well as many others with 5-10% drops. CryptoPotato reported earlier today the adverse start of the trading week for bitcoin and the rest of the crypto market. Back then, the largest digital asset had lost over two grand within hours and slumped to a 6-week low of...

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