Crypto Market Experiences Major Outflows Amidst Uncertainty, Driven by Tax Policies

Investors are withdrawing significant sums from cryptocurrency investments, signaling growing uncertainty in the market following changes to tax policies implemented during the Trump era. According to a recent report from CoinShares, a prominent crypto asset management firm, this trend has persisted for three consecutive weeks, with a total outflow of $795 million last week alone. This marks a significant reversal from the initial inflows seen earlier in the year.