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 <h2 id="bitcoin-sees-largest-weekly-drop-since-march">Bitcoin Sees Largest Weekly Drop Since March</h2> 
 <p>Germany and Canada were the focal points of outflows, with two ETP providers suffering $71 million and $29 million in outflows, respectively. Bitcoin, the center of attention, accounted for the lion’s share of these outflows, with a total of $111 million – the largest weekly exodus since March, coinciding with heightened regulatory scrutiny in the United States.</p>  
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 <p>The report also states that the flow of assets into short Bitcoin has stopped after 14 weeks in a row. Ethereum also saw withdrawals over the week, totaling $6 million, which added up to a combined $117 million outflow from both Bitcoin and Ethereum.</p>  
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 <p>The altcoin market began to show signs of hope, which helped counteract the withdrawals of Bitcoin and Ethereum. With inflows reaching $9.5 million, Solana stood out as the region with the highest weekly inflow since March 2022. Litecoin and <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> both experienced moderate inflows, bringing in $0.46 million and $0.5 million, respectively. However, not all altcoins shared the positive sentiment. Uniswap and Cardano experienced outflows of $0.8 million and $0.3 million, respectively, underlining a diversified market landscape.</p> 
 <h2 id="are-altcoins-the-hope">Are Altcoins The Hope?</h2> 
 <p>While Bitcoin’s dominance in the outflows scene remains significant, the increased inflows into certain altcoins indicate a potential shift in investor preferences and market dynamics. Some of the winning altcoins are Shiba INU, <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>, and Litecoin. In fact, according to analyst Michael van de Poppe, took to X (Twitter) to inform his followers, if Bitcoin breaks over the psychological mark of $30,000 and retests it as support, altcoins could increase in value.</p>  
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 <p>The Crypto Greed and Fear Index is still around 50/100, which is considered to be neutral. The current volume of the cryptocurrency market is $23.48 billion, which is a significant increase. However, the market’s general sentiment remained neutral.</p> 
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Digital Asset Outflows Surge, Solana And XRP Lead Impressive Weekly Inflows: Report

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