Money Leaves “Bitcoin” for the Sixth Week in a Row

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  “Bitcoin” recorded an outflow of $89 million in flows over the past week (Anatolia)</p><div><p>For the sixth week in a row, boxes and products شهدت <a target="_blank" href="https://www.alaraby.co.uk/economy/%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A%D8%A9-%D8%AA%D9%8F%D8%B9%D8%AF-%D9%84%D8%AD%D8%B1%D8%A8-%D8%B9%D9%84%D9%89-%D8%B9%D9%85%D9%84%D8%A9-%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86" rel="noopener">Cryptocurrency "Bitcoin" </a>The outflow of capital flows, while affected by a crackdown in China on mining على <a target="_blank" href="https://www.alaraby.co.uk/economy/%22%D8%A5%D9%83%D8%B3-%D8%A2%D8%B1-%D8%A8%D9%8A%22-%D8%AA%D9%83%D8%A7%D9%81%D8%AD-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D9%81%D8%B1%D8%A9-%D9%85%D8%A7-%D9%82%D8%B5%D8%AA%D9%87%D8%A7%D8%9F" rel="noopener">Cryptocurrencies</a> It has spooked investors, data from digital asset manager CoinShares showed on Monday.

The data indicated that “Bitcoin” recorded an outflow of $89 million over the past week.

Since the beginning of the year, the total value of Bitcoin outflows has reached $487 million, or 1.6 percent of assets under management.

QueenShares said that the sector Cryptocurrencies As a whole, it recorded the third consecutive week of influxes of $79 million last week, the longest series of displacements since February 2018.

Since the beginning of June, net outflows have reached $210.5 million.

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On Monday, Bitcoin hit a two-week low of $31,700, hit by an expanding crackdown in China on crypto-mining.

Bitcoin has lost more than 20% of its value in the past six days and is now more than halved from its peak in April of about $65,000.

(Reuters)





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