- BTC saw the most outflows.
- Altcoins also saw outflows, though smaller than BTC.
- Weekly trading volume is as low as it was in 2019.
The current bear market is one of the roughest ones in the history of crypto. Multiple companies have gone bust, and asset prices continue to be suppressed.
On top of that, weekly volume trading is becoming non-existent amid ongoing crypto outflows.
Crypto Outflows Continue
Digital asset prices are still much higher than before the pandemic hit. However, the crypto market continues to see outflows.
According to data from CoinShares, digital asset investment products saw outflows totaling $32 million this past week. The last week was the fifth consecutive week of outflows. In total, $232 million have left the crypto market in the previous five weeks.
Bitcoin (BTC) saw most of the outflows ($33 million), while Ethereum (ETH) saw $1 million leaving. CoinShares also…
