Crypto Markets See Outflows Slow, Bitcoin Funds Lose Ground While Altcoins Gain Interest
Crypto Markets See Outflows Slow, Bitcoin Funds Lose Ground While Altcoins Gain Interest
Crypto investment product outflows have significantly slowed, indicating a potential stabilization in prices. While Bitcoin-focused funds experienced withdrawals, a selection of altcoins garnered renewed interest and record trading activity was observed across the market.
Crypto Markets Catch A Breather As Outflows Begin To Slow
Crypto investment products saw another week of net withdrawals, but the rush out the door slowed sharply as prices found firmer footing. Trading activity stayed heavy, and a handful of altcoins drew fresh interest even while Bitcoin-focused funds lost ground. Related Reading: Bitcoin’s Quantum Risk Is Smaller Than Feared, Researcher Says Record Trading Activity According to analysts, the overall sentiment indicates a shift with the deceleration of outflows and the renewed focus on specific altcoins amidst heavy trading activity.