Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

A report from crypto exchange Bitfinex shows capital outflows in the crypto industry reached $55 billion in August.

), and TrueUSD ."A deep dive into the data reveals a prevailing trend: by early August, the industry had begun to experience capital outflows," notes the report.

"August was the largest red monthly candle for BTC since the bear market bottom was formed in November 2022 at –11.29 percent as per Bitfinex Data."The analysis also points to the return of so-called event-based volatility, where isolated events can have a bigger impact on prices and overall market movements. In August, two isolated events had a significant impact on Bitcoin prices. On Aug. 17, a flash crash resulted in a selloff of over 11.4% for BTC.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 562. in FR

France Dernières Nouvelles, France Actualités