Bitcoin and Ethereum Funds Experience $1.2 Billion Outflow Amid Global Uncertainties

Investment funds focused on Bitcoin and Ethereum experienced a significant withdrawal of capital totaling $1.2 billion last week. Market analysts attribute this substantial movement to the increasing levels of uncertainty pervading global financial markets, driven by escalating geopolitical tensions in various regions around the world. Investors are growing apprehensive about the potential impact of these tensions on worldwide economic growth, leading them to reduce their exposure to higher-risk assets, such as cryptocurrencies. Despite Bitcoin and Ethereum being among the most prominent digital currencies, they still retain a high degree of volatility, making them susceptible to heavy selling pressure during times of crisis. Experts anticipate that this trend may persist for the time being, as ongoing geopolitical uncertainties continue to influence investment decisions and dampen risk appetite.