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Article • Aug 6, 2024

Crypto Markets Witness $528M Withdrawals, Signaling Turbulent Times Ahead

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Crypto Markets Witness $528M Withdrawals, Signaling Turbulent Times Ahead
Summary
  • Institutional crypto investment products experienced $528 million in outflows last week, reflecting investor concerns about economic downturns.
  • Leading the outflows, the US, Germany, and Hong Kong contributed to the market turbulence, resulting in significant drops in prices for Bitcoin and Ethereum.

Source: https://bitcoinist.com/recession-worries-spark-528-million-outflows/

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Crypto Markets Witness $528M Withdrawals, Signaling Turbulent Times Ahead | DePIN Hub