Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer

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Ethereum saw its largest outflow since August 2022, totaling $61 million, making it the worst performing digital asset investment product so… — Wu Blockchain (@WuBlockchain) July 1, 2024 The long wait for regulatory greenlight might be causing investors to hold off on commitments, creating uncertainty in the Ethereum market.

Related Reading: Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag Ethereum Faces Headwinds Despite Upcoming Milestone Ethereum, the world’s second-largest cryptocurrency, has seen the worst outflows of any digital asset this year, reaching a staggering $61 million last week.

Related Reading: Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016 Navigating Uncertain Waters The current state of the digital asset market is one of cautious optimism.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippinesUnited States

Topics: Etf Outflows Ether ETH Cryptocurrency Market News Ethusd Crypto Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 09:45:36 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21459067

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