Buyers are fleeing digital property as dangerous investments lose their recognition amid rising geopolitical and financial uncertainty.
Globally, digital asset funds misplaced $1.7 billion final week alone, based on a report from CoinShares, taking the full outflow over 5 weeks $6.4 billion. Within the U.S., bitcoin (BTC) exchange-traded funds (ETFs) logged the longest streak of weekly outflows since their January 2024 debut, with traders pulling greater than $5.4 billion over the previous 5 weeks.
Whereas President Donald Trump has proven help for cryptocurrencies, together with with the order for the institution of a Bitcoin Strategic Reserve, that help has thus far did not counteract issues about tariff-induced commerce tensions and financial coverage.
Bitcoin has dropped greater than 21% over the past three months to round $83,000, whereas the broader CoinDesk 20 Index (CD20) has misplaced round 34.6% of its worth over the identical interval.
