Bitcoin

<ul><li>Bitcoin leads with significant outflows of $111 million, the largest weekly exodus since March, amidst rising regulatory scrutiny in the US.</li><li>Altcoins display resilience as Solana attracts substantial inflows of $9.5 million, marking the most significant single-week influx since March 2022.</li><li>Ethereum records moderate outflows of $6 million, while XRP and Litecoin see notable inflows, demonstrating a potential shift in market sentiment.</li></ul>Amidst the ever-changing realm of digital asset investments, this week&#39;s market activity unveiled a notable departure, with outflows reaching a substantial $107 million, and Bitcoin reaching $111 million. The ongoing trend of profit-taking has gathered momentum in recent weeks, with investors strategically managing their positions amid a sluggish summer market. Weekly trading volumes in investment products were 36% below the year-to-date average.In comparison, the broader on-exchange market faced even steeper declines of 62% relative to the YTD average. Offering valuable market insights, renowned blockchain analyst Wu Blockchain took to Twitter, shedding light on the fluidity of the digital asset landscape.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6c12b95cf8fe4b478d11976a3180e9ba.png" />As the focus shifts to regional trends, two prominent ETP (Exchange-Traded Product) providers in Germany and Canada experienced the heaviest outflows. Germany&#39;s ETP sector saw $71 million exiting the market, while Canada followed closely with outflows totaling $29 million.However, all eyes are firmly fixed on Bitcoin, which experienced a significant outflow of $111 million. This is the most considerable weekly departure since March when the crypto markets were shaken by increased regulatory scrutiny in the United States. Nevertheless, amidst the turbulence, there is hope as outflows from short Bitcoin positions have ceased for the first time in 14 weeks.Read full article at <a href="https://cryptotale.org/bitcoin-dominates-weekly-outflows-as-altcoins-show-resilience/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Dominates Weekly Outflows As Altcoins Show Resilience

CryptoTale

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