Digital asset investment products saw inflows drop 52% last week to $88 million, as crypto markets saw a downturn.The inflows into crypto funds during the week ended Dec. 10 compared with $184 million the prior week, according to a report Monday by CoinShares.Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows, at $52 million. The … [Read more...] about Crypto Fund Inflows Slow to $88M as Market Retreats
Retreats
Bitcoin Retreats From All-Time High, Ether Follows
Bitcoin is down 5% in the last 24 hours after peaking at an all time high of around $68,950 on Wednesday.Bitcoin’s all-time high was reached just after the U.S. Consumer Price Index (CPI) report showed higher-than-expected inflation in October. The U.S. Department of Labor said in the report that the CPI rose 6.2% in October versus 12 months prior, the fastest pace in three … [Read more...] about Bitcoin Retreats From All-Time High, Ether Follows