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Billion Dollar Crypto Outflow, Altcoin Resilience
Description
Last weeks crypto market saw a significant shift with a $1.07 billion outflow from digital asset products, marking the third-largest outflow of the year. Bitcoin and Ether led the retreat, losing nearly $1 billion and $249 million respectively, due to inflation fears and global tensions. However, XRP and Solana funds experienced inflows, potentially boosted by positive regulatory developments in the U.S., such as the CLARITY Act. Despite this, the crypto market remains mixed as regulatory details are still under debate.
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