{"id":551548,"date":"2023-09-15T12:45:19","date_gmt":"2023-09-15T12:45:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=551548"},"modified":"2024-06-11T08:03:00","modified_gmt":"2024-06-11T08:03:00","slug":"how-much-pulled-crypto","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/how-much-pulled-crypto\/","title":{"rendered":"New Reports Shows How Much Capital Was Pulled Out Of Crypto In August"},"content":{"rendered":"
The crypto industry is known for its sheer price movement volatility, driven mainly by events and liquidity crunches. Since the beginning of the year, there has been a noticeable and consistent outflow of cash from the cryptocurrency market, which is unsurprising.\u00a0<\/span><\/p>\n
According to Bitfinex\u2019s latest report, this capital drain was evident in August, as the crypto market saw an exit of about $55 billion in capital from major cryptocurrencies.<\/span><\/p>\n
$55 Billion Drained In The Past Month<\/h2>\n
Bitfinex’s analysis, which measured the aggregate realized value metric of Bitcoin (BTC), Ethereum (ETH), and major stablecoins like Tether\u2019s USDT, USD Coin (USDC), BUSD, Dai, and TrueUSD (TUSD), indicates that about $55 billion in capital exited the market in August.<\/span><\/p>\n