Bitcoin

<ul><li>Outflows amounted to a sum of $32 million during the last week.</li><li>Altcoins have seen an increase in inflows.</li></ul>According to reports, investors have withdrawn a total of $32 million from cryptocurrency investment products, marking the fifth consecutive week of outflows. The withdrawals have reportedly amassed a significant figure of $232 million. This represents 0.7% of the total assets being managed at present.James Butterfill, the Head of Research at Coinshares, observed that, consistent with the trend of the previous five weeks, the majority of <a href="https://thenewscrypto.com/bitcoin-btc-has-shown-a-low-level-of-weekly-trading-volume/" rel="noopener noreferrer nofollow">negative sentiment</a> was centered around Bitcoin. During the latest week, institutional investors shed a total of $232 million in outflows.As Bitcoin continues to experience a bearish sentiment, investors have turned their attention to altcoins, resulting in inflows into these digital currencies. <a href="https://thenewscrypto.com/a-delicious-celebration-10000-pizzas-bought-for-1-btc-on-bitcoin-pizza-day-with-binance-pay/" rel="noopener noreferrer nofollow">Bitcoin</a>‘s performance in the current year has been impressive. With a breakthrough above $30,000 in April, marking its highest point since mid-2022. Presently, the price of BTC is $27,415.95. And it has recorded a trading volume of $12,703,434,224 over the past 24 hours. CoinMarketCap reports a 2.79% increase during this period.

Bitcoin Struggles Amidst Fifth Week of Outflows in Crypto Market

TheNewsCrypto

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