Crypto Market Momentum May Be Limited Amid Weakened Capital Inflows

The crypto market started the week on an upward trajectory, but signs indicate that further gains may be difficult to achieve.

According to data from SoSoValue, the 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) experienced a net outflow of $296.18 million, snapping a four-week streak of inflows.

This negative signal is further emphasized by the sluggish growth in stablecoins, such as Tether's USDT and Circle Internet's USDC.