What you absolutely need to know:
- Investors yanked $6.4 billion from digital assets, because who needs sleep, right? π
- The outflows are perfectly timed with the world’s favorite game: Geopolitical Tug-of-War π
- Bitcoin‘s on a rollercoaster ride, down 21% – who needs a thrill when you have crypto? π’
Investors are doing the digital asset equivalent of a “ghosting” exit, because risky investments are so last season. πΊπ¨
Last week, digital asset funds lost $1.7 billion – that’s a lot of virtual coins down the drain. π½ According to CoinShares, this takes the grand total outflow to a whopping $6.4 billion over five weeks. In the U.S., BTC ETFs are seeing the longest streak of weekly outflows since their 2024 party debut, with over $5.4 billion bailing out. ππ
President Trump is all about crypto love, even ordering a Bitcoin Strategic Reserve (because what’s a reserve without some digital bling?). But his charm offensive can’t seem to smooth over those pesky trade tensions and monetary policy worries. π€π€
Bitcoin’s value has taken a nosedive, down more than 21% to a meager $83,000. And the CD20 Index? Let’s just say it’s been on a diet, shedding 34.6% of its value. ππ
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2025-03-17 16:08