Investments

Bitcoin has seen two straight weeks of outflows, while investors have poured money into ether for a third week ahead of a key network upgrade: CoinShares

2 monthes ago   |   By Business Insider

Summary List Placement Investors pulled their money from bitcoin products for a second straight week in the seven days to July 16, with many likely booking profits on long-held positions, while pouring money into ether for a third week, according to data from CoinShares.
Bitcoin assets saw flows drop 10.4% over the week, while ether saw flows rise 11.7%, according to the company's most recent weekly flows report released on Tuesday.
Bitcoin lost around 7% in value in the week to July 16, when it fell below $32,000. Since then, it has fallen another 6.5% to around $29,720, driven by rising...
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Bitcoin has seen two straight weeks of outflows, while investors have poured money into ether for a third week ahead of a key network upgrade: CoinShares

Bitcoin has seen two straight weeks of outflows, while investors have poured money into ether for a third week ahead of a key network upgrade: CoinShares

2 monthes ago   |   By Business Insider

Ethereum and bitcoin
Jordan Mansfield /Getty Images
Investment flows into bitcoin fell 10.4% over the week ending on July 16, according to CoinShares.
Ether saw a third week of inflows, with an increase of 11.7% ahead of key network upgrades.
Longer-standing bitcoin investors may now be booking profits, CoinShares said.
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Investors pulled their money from bitcoin products for a second straight week in the seven days to July 16, with many likely booking profits on long-held positions, while pouring money into ether for...
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