Have we reached the bottom yet?

A closer look at the global economic challenges shaking up the crypto world

Author

Rich Webb
August 06, 2024 • Read Time: 6 minutes

As investors grapple with recession fears in the US, weekly outflows from crypto investment products have surged, marking the most significant reversal in over a month.

While US-based funds bore the brunt, with Bitcoin seeing a $400 million exit, pockets of optimism surfaced in Swiss and Canadian markets.

Could this downturn present a buying opportunity or foretell further turbulence? Let's dive in!

  • Crypto investment products face significant weekly outflows, led by US funds, amid recession fears. — Read More

  • Trump urges the US to lead in digital asset innovation, highlights risks of falling behind China. — Read More

  • Cardano's Hoskinson warns Japan's economic crisis could impact crypto, believing only cryptocurrencies with real utility will endure. — Read More

  • Jump Trading shifts $606 million in USDC from Binance to Coinbase, planning a $440 million cash-out, says Lookonchain. — Read More

  • Cryptocurrency and traditional markets plummeted, causing service disruptions at major brokerage firms. — Read More

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