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Crypto Funds Lose $1.7 Billion in One of the Worst Weeks in Years

Crypto Funds Lose $1.7 Billion in One of the Worst Weeks in Years

Crypto investment funds saw a massive outflow of $1.9 billion last week, marking one of the worst periods for capital flight since 2018. The exodus, led by Bitcoin and Ethereum funds, coincides with a sharp decline in Bitcoin’s price, which has fallen nearly 30% from its all-time high.