Ethereum

Bitcoin

Million

<img decoding="async" width="1280" height="854" src="https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally.jpg" class="attachment-full size-full wp-post-image" alt="" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally.jpg 1280w, https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally-1224x817.jpg 1224w, https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2024/04/Crypto-market-cap-reclaims-1-trillion-mark-as-Bitcoin-and-Ethereum-rally-272x182.jpg 272w" sizes="(max-width: 1280px) 100vw, 1280px">
The past week witnessed a significant downturn in Bitcoin’s weekly inflow, which dwindled to $126 million amidst heightened market volatility. This decline was largely influenced by the prevailing uncertainty surrounding Bitcoin halving and escalating geopolitical tensions in the Middle East. These factors collectively exerted notable selling pressure, causing Bitcoin’s price to plummet to a low <a href="https://coingape.com/markets/bitcoin-price-forecast-key-support-geopolitical-tension-middle-east/" target="_blank" rel="noopener">plummet to a low</a> of $61,600. The ripple effect extended to major altcoins, exacerbating the correction across the cryptocurrency market. 
CoinShares’ latest report provided insights into the evolving landscape, particularly highlighting Bitcoin’s <a href="https://coingape.com/bitcoin-weekly-inflow-drops-663m-amid-cooling-etf-fund-flow/" target="_blank" rel="noopener">cooling inflow</a> compared to previous weeks. This contrast indicates a subtle retreat in investor participation, reflecting a degree of apprehension in the market. Conversely, <a href="https://coingape.com/price/ethereum" target="_blank" rel="noopener">Ethereum</a> continued to face challenges, marking its 5th consecutive week of outflows, with $29 million exiting the market. These trends underscore the volatility and uncertainty prevailing within the cryptocurrency ecosystem, necessitating caution and strategic decision-making among investors. 
<h2 id="regional-disparities-and-investment-trends">Regional Disparities and Investment Trends</h2> 
Regional disparities were evident in cryptocurrency investment trends, with the US witnessing the largest outflows totaling $145 million, followed closely by Switzerland and Canada. Despite these outflows, Germany emerged as a notable exception, capitalizing on recent price weakness as an opportunity for investment, with $29 million in inflows. This divergence highlights varying investor sentiments and strategies across different regions in response to market conditions. 
Despite <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">Bitcoin</a>&nbsp;experiencing outflows amounting to $110 million last week, it maintained positive inflows month-to-date, showcasing resilience amidst market turbulence. Furthermore, while altcoins, excluding Solana, exhibited positive performance, with lesser-known names like Decentraland, Basic Attention Token, and LIDO attracting inflows, suggesting diversification strategies among investors seeking opportunities beyond Bitcoin. 
Also Read: <a href="https://coingape.com/ordinals-hints-at-comeback-volume-bitcoin-halving-and-runes-protocol-launch/" target="_blank" rel="noopener">Ordinals Hints At Comeback Amid Bitcoin Halving And Runes Protocol Launch</a> 
<h2 id="digital-asset-investment-products-and-investor-sentiment">Digital Asset Investment Products and Investor Sentiment</h2> 
Digital asset investment products faced minor outflows totaling $126 million last week, indicating a degree of caution prevailing among investors amid stalled positive price momentum. This cautious sentiment was further reflected in the drop in ETF activity relative to the overall market, underscoring investor hesitancy in committing to <a href="https://coingape.com/glossary/cryptocurrency/">cryptocurrency</a> assets. 
However, amidst this cautious sentiment, short-bitcoin broke its 3-week spell of outflows, garnering minor inflows of $1.7 million. This move suggests a strategic response from investors possibly seeking to capitalize on recent price weakness and market fluctuations. 
Also Read: <a href="https://coingape.com/germany-biggest-federal-bank-partners-bitpanda-to-offer-crypto-custody/" target="_blank" rel="noopener">Germany’s Biggest Federal Bank Partners Bitpanda To Offer Crypto Custody</a> 
The post <a href="https://coingape.com/bitcoin-and-ethereum-witness-126-million-outflow-coinshares-report/">Bitcoin and Ethereum Witness $126 Million Outflow, CoinShares Report</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin and Ethereum Witness $126 Million Outflow, CoinShares Report

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