CoinShares reports $434 million weekly outflows from digital asset funds as US inflation runs hot
Heightened US inflation and retail sales data underscore crypto's vulnerability to macroeconomic shifts, influencing investor sentiment and fund flows. The post CoinShares reports $434 million weekly outflows from digital asset funds as US inflation runs hot appeared first on Crypto Briefing.
AI summary
CoinShares reported $434 million in weekly outflows from digital asset funds, driven by hotter-than-expected US inflation and retail sales data. The outflows reflect crypto's sensitivity to macroeconomic shifts, as investors reduce exposure amid expectations of tighter monetary policy. Traders should watch for continued fund redemptions if inflation remains elevated, which could pressure crypto prices in the near term.
