Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, CoinShares reported Monday that crypto investment products saw their largest outflow of funds since February amid an ongoing period of market panic, Bitcoin briefly slumped to its lowest price year-to-date as the crypto market pulls back, and the Zcash vs. Bitcoin debate deepens.
Crypto investment products logged their largest weekly outflows since February, shedding $2 billion as global risk appetite declined.
Crypto exchange-traded products (ETPs) saw $2 billion in outflows last week, up by nearly 71% from $1.17 billion recorded the previous week, CoinShares reported on Monday. This marks the third consecutive week of outflows, extending the cumulative outflow streak to $3.2 billion.
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