“Investors have pulled out $2.64 billion over three weeks”, — write: www.coindesk.com
Investors have pulled out $2.64 billion over three weeks, signaling growing caution and shifting sentiment in the market.
Thursday’s outflow coincided with Bitcoin’s fall below the key $100,000 support level and heightened risk aversion on Wall Street. Ether ETFs also registered an outflow of $259.72 million, the highest since Oct. 13.
As of writing, bitcoin traded near $97,500, down over 5% in 24 hours and 11% on a month-to-date basis, according to data source CoinDesk.
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Ether strengthens against bitcoin, raising hopes of a bullish breakout.
- Ether shows relative strength against bitcoin.
- The ether-bitcoin ratio may be headed for a breakout.
- The XRP-bitcoin ratio awaits resolution of a multi-year consolidation.
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