The only cryptocurrency that faced a positive net flow was Ether-based Tether stablecoin with $353 million poured into the market, which may reveal two things: traders will purchase more cryptocurrencies with their Tether holdings, or the Treasury releases more coins into circulation to balance the price of the asset.
Many CEOs warned users about their inability to avoid orders from financial regulators and that they will have to ban or limit traders. Statements incentivized outflows from all major exchanges as traders started actively moving funds to cold or hot noncustodial wallets with one-sided access.
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