$141 million to be removed from “Bitcoin” – Saudi News

Data from Coinshares, a cryptocurrency management company, published yesterday, showed that bitcoin funds and products experienced a record outflow of flows last week, as investors remained cautious about the world’s largest cryptocurrency.

Bitcoin outflows reached $141 million in the week ending June 4, which is 8.3% of the net inflows it attracted this year.

According to the data, the cryptocurrency sector as a whole suffered an outflow of $94.2 million last week.

Bitcoin tumbled yesterday, as another bout of weakness hit the cryptocurrency market. The largest digital token was down about 6% in the Asian trading phase, and was at about $32,770 as of 11am in Hong Kong. The Bloomberg Galaxy Crypto Index is down about 9%.

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