The cryptocurrency market experienced significant outflows totaling $600 million last week, with Bitcoin and Ethereum leading the decline. Analysts attribute the outflows to heightened market volatility and bearish sentiment, as investors reallocate their assets amid economic uncertainty. The Federal Reserve's recent hawkish stance has also contributed to the negative market sentiment, prompting a cautious approach from crypto investors.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
