Bitcoin and Altcoins Face Outflow Pressure Amidst Geopolitical Uncertainty

Cryptocurrency markets continue to experience volatility as geopolitical tensions, particularly between the US and China regarding tariffs, contribute to uncertainty. While Bitcoin (BTC) saw outflows of $751 million last week, according to Coinshares data, Ethereum (ETH) experienced a more modest outflow of $37.6 million. This trend highlights widespread negative sentiment within the broader crypto ecosystem. 80% of the total outflows were attributed to Bitcoin. Other notable altcoins facing outflows included Solana ($5.1 million), Aave ($0.78 million), and Sui ($0.58 million). XRP experienced an inflow of $3.4 million, leading the way among other altcoins. Coinshares reports a total outflows of $7.2 billion since early February, with inflows for the year now near zero. Despite this trend, other countries showed varying results. The US led in outflows at $763 million, followed closely by Switzerland ($11.9 million). In contrast, Canada saw a small inflow of $2.1 million. This information is for informational purposes only and does not constitute investment advice.