The crypto world is a bit stagnant but 🚀 There is good news from XRP! Last week, there was a total outflow of $59 million from digital asset funds. 😅
Reasons:
1. Concerns about the regulatory environment of cryptocurrencies
2. Strengthening of the dollar
3. 73% decrease in transaction volume
Bitcoin took the biggest hit, experiencing an outflow of $69 million last week. Ethereum also had its share of the negative atmosphere with an outflow of $4.8 million. 😔
But there is good news from XRP! 🎉 Victory in SEC case continues to attract investors. Last week, there was an inflow of $0.7 million into XRP-related investment products. 💪
How long do you think this situation will last? Share your ideas in the comments! 🗣️