CRYPTO CRASH ALERT: Investors Flee as $795 MILLION Vanishes in Thin Air!
Panic in the Crypto Kingdom 🚨
CoinShares has just dropped a bombshell report that’s sending shockwaves through the investment world! For the THIRD WEEK IN A ROW, investors are yanking funds out of crypto faster than a cat on a hot tin roof! A staggering $795 MILLION has evaporated from crypto asset investment products, as fear grips the market amidst global economic uncertainty!
Bitcoin’s Bloodbath: $751 MILLION Out the Door!
The once-mighty Bitcoin is taking the biggest hit, with a jaw-dropping $751 MILLION being withdrawn last week alone! And while it’s still somehow in the green year-to-date with $545 MILLION net inflows, it’s clear that the crypto kingdom is in crisis mode! Investors around the globe are pulling back their stakes, giving Bitcoin a bloody nose!
But wait, it gets crazier! Even short-Bitcoin products, which thrive in bearish markets, saw outflows totaling $4.6 MILLION—that’s like getting kicked while you’re down!
Altcoins Drowning Too: Ethereum Takes a Hit!
If you thought Bitcoin was the only one in trouble, think again! Ethereum wasn’t spared its fate, suffering through $37.6 MILLION in outflows, ranking as the second-largest loser in this fiasco. Popular altcoins like Solana, Aave, and Sui are also feeling the pinch, with withdrawal amounts adding up to thousands!
In the chaos, a few tiny assets are making waves—XRP is pulling ahead with a surprising $3.5 MILLION in inflows, while other coins like Ondo, Algorand, and Avalanche barely scrape by with puny gains!
Price Rebound? A Light in the Darkness? 💡
But hold onto your wallets! CoinShares’ head of research, James Butterfill, warns that the total $7.2 BILLION in cumulative outflows since early February has practically erased all hope for a recovery. As it stands, the year-to-date net inflows sit precariously at a meager $165 MILLION.
Just as investors were biting their nails, a miracle happened! Prices perked up towards the end of last week, with total assets under management making a surprising leap up by 8%, reaching $130 billion. This boost partially followed President Trump’s recent move to ease tariffs, sparking a flicker of optimism in the stormy waters of finance.
Bitcoin and Ethereum Go on the Offensive! 🚀
With Bitcoin’s price soaring by nearly 10% this week to over $84,000, is this the beginning of a revival? Just yesterday, it even touched a high of $85,315! Ethereum is not sitting idly either—following in Bitcoin’s footsteps, it has also shot up nearly 10%, reaching around $1,660!
And in a stunning twist, XRP and Solana are reveling in their significant increases too! XRP has skyrocketed by a whopping 19.1% in just a single week, while Solana sees a staggering 29.8% jump!
What’s Next for Crypto? Stay Tuned!
The crypto rollercoaster shows no signs of stopping, with uncertainty hanging in the air. Will investors start to return, or is it a slippery slope? Hold tight and keep those coins close—this wild ride has only just begun!
