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Crypto Exchanges See Biggest Bitcoin Outflow in 7 Months. A Reason to Cheer?

Reuters

Bitcoin weekly outflows hit record high -CoinShares data

Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world’s largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday. For the year so far, bitcoin still showed net inflows of $4.2 billion. The cryptocurrency sector overall suffered outflows of $94.2 million last week, the data showed.

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