Cryptocurrency Market Sees First Major Outflow in Five Weeks

The cryptocurrency market has seen a significant shift in investor sentiment, with a major outflow recorded for the first time in five weeks. According to reports, over $414 million left the sector last week, ending a period of steady inflows.

Ethereum led the selling activity, with approximately $222 million leaving the market. This figure represents more than half of the total weekly outflows from a single asset.

Despite the outflow, Bitcoin still managed to attract over $964 million in net inflows year-to-date. However, investors were spooked by economic and macro events, leading to a negative reaction in the asset price.