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Bitcoin and Ethereum funds have lost 4.75 billion USD in the past month: CoinShares

According to CoinShares, Bitcoin and Ethereum funds collectively lost $4.75 billion in the past month. U.S. Investors were the most aggressive, withdrawing $922 million, reflecting a bearish sentiment that continues to persist.

With Bitcoin priced at 81,729 USD and Ethereum at approximately 2,092 USD, the overall crypto market faces downward pressure amid fears of economic instability. Institutional confidence seems to be waning, compounded by macroeconomic challenges.

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