According to CoinShares data, after seven consecutive weeks of record-breaking inflows totaling $12.3 billion, cryptocurrency financial products experienced net outflows for the first time last week, setting a record net outflow of nearly $1 billion. Among them, outflows from GBTC significantly increased last week, with the fund seeing a total outflow of $1.83 billion in four days, which pushed the net outflows from Bitcoin spot ETF to $836 million last week. In such a market environment, the price of Bitcoin briefly dropped to $61,000.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
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