MARKET WRAP: Bitcoin (BTC) slumped to about $23,000 after the Celsius withdrawal halt combined with a sell-off in traditional markets to sour trader spirits. liqquidity reports
Chart of investors' net flows into crypto funds shows a burst of redemptions last week.
Investors pulled $102 million out of digital asset funds during the week through June 10, according to a CoinSharesEther-focused funds saw $41 million in outflows, bringing month-to-date outflows to $72 million and year-to-date outflows to $386.5 million. Blockchain-related equities saw outflows of $5 million.
Regionally, the majority of outflows were attributed to the Americas, which totaled $98 million. In comparison, funds listed in Europe only experienced $2 million in outflows.
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