Cryptocurrency market lost $ 414 million in just a week

Last week, cryptocurrency investment products showed a sharp outflow of funds — $ 414 million. This stopped a five-week streak of inflows and reduced assets under management to $ 129 billion, returning the market to the level of the beginning of the year.

The reason for this was macroeconomic factors: geopolitical tensions, changes in expectations for US monetary policy, and inflationary risks. Investors became more cautious, avoiding drastic decisions but showing indecision.

The largest outflows were recorded in the US — $ 445 million. In Europe, the situation was different: Germany received $ 21.2 million, Canada — $ 15.9 million, while Switzerland experienced small losses.

Ethereum ETH $2,025.31 Bridged Ether (StarkGate) -1.37% Market capitalization $38.86 million VOL. 24 hours $0.67 billion lost $ 222 million and showed a negative balance for the first time in a year. Bitcoin BTC $65,841.17 Mezo Wrapped BTC -1.60% Market capitalization $38.47 million VOL. 24 hours $1.29 billion recorded $ 194 million in outflows, but generally maintains a positive trend with $ 964 million in inflows since the beginning of the year. Short-BTC products received $ 4 million, which indicates risk hedging.

Among other assets, Solana SOL $80.72 Binance-Peg SOL -3.86% Market capitalization $88.73 million VOL. 24 hours $0.25 billion lost $ 12.3 million, while XRP XRP $1.31 XRP -2.60% Market capitalization $80.47 billion VOL. 24 hours $0.13 billion gained $ 15.8 million. This shows the selective interest of investors who do not leave the market completely but carefully choose their areas.

In general, the market is in a transitional state: large assets are under pressure, outflows have returned, and macroeconomic uncertainty is affecting investors' decisions. At the same time, long-term inflows into Bitcoin and interest in certain assets show that confidence in cryptocurrencies remains, although it has become more cautious.