Connor Sephton

Bitcoin's Six-Week Hot Streak Ends as Institutions Turn to Ethereum

Bitcoin outflows hit $53.1 million last week—meaning that, for the first time in six weeks, more funds flowed out of digital asset investment products than in. Profit-taking is largely to blame, especially considering there were few macroeconomic triggers that could influence BTC's price, says a new report from digital asset investment firm CoinShares. And that would suggest that meaningfully staying above the psychologically significant threshold of $30,000 could be a tough nut to crack for bul