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Crypto suffers $1.07 billion outflows amid tensions in Iran

Crypto suffers $1.07 billion outflows amid tensions in Iran


21h05 â–ª
4
min read â–ª by
Fenelon L.

Summarize this article with:

Crypto markets have just undergone a sharp return of risk aversion. In one week, more than one billion dollars have left investment funds linked to bitcoin and ether, as tensions around Iran and rising U.S. inflation shake investors again. Is it a temporary pause or the start of a deeper reversal? 

The financial crash and the flight to Bitcoin and cryptocurrenciesThe financial crash and the flight to Bitcoin and cryptocurrencies

In brief

  • Crypto ETPs recorded $1.07 billion in net outflows last week, according to CoinShares.
  • Bitcoin accounts for most…

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