The crypto sector as a whole saw a third consecutive week of outflows amounting to $79 million last week in what is now the longest bear run in outflows since February 2018, CoinShares said.
Bitcoin on Monday hit a two-week low of $31,700 , undermined by China’s expanding crackdown on bitcoin mining.
Ether, the token used for the Ethereum blockchain, saw minor outflows of $1.9 million last week, after posting outflows of $14.6 million the previous week.
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