Recession Fears: Crypto Outflows Hit $528M

August 06, 2024 Meme Coins Surge Meme Coins Surge

Titans of the asset management industry, including Ark Invest, Bitwise & more posted net outflows for the first time in four weeks, totaling $528M.

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The week started rough for the crypto market due to recession fears.

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After dropping below $50000, BTC is now at $55,679.17 soaring by 2.18%.

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Ethereum dropped at $2,305, down 6.51% and is currently trading at $2,494.40, soaring by 4.74%

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The market is struggling to recover, but meme coins are outperforming traditional tokens.

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Outperforming MEME COINS

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Check out the latest on meme coins' rise

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Recession Fears: Crypto Outflows Hit $528M

Recession Fears: Crypto Outflows Hit $528M

Titans of the asset management industry, including Ark Invest, Bitwise & more posted net outflows for the first time in four weeks, totaling $528M.

Titans of the asset management industry, including Ark Invest, Bitwise & more posted net outflows for the first time in four weeks, totaling $528M.

The week started rough for the crypto market due to recession fears.

After dropping below $50000, BTC is now at $55,679.17 soaring by 2.18%.

Ethereum dropped at $2,305, down 6.51% and is currently trading at $2,494.40, soaring by 4.74%

The market is struggling to recover, but meme coins are outperforming traditional tokens.

Outperforming MEME COINS

DOGE ↑ 6.56% - $0.09819

DOGE ↑ 6.56% - $0.09819

SHIB ↑ 12.38% - $0.00001371

SHIB ↑ 12.38% - $0.00001371

XRP ↑ 6.87% - $0.50026

XRP ↑ 6.87% - $0.50026

SOL ↑ 9.09% - $139.67

SOL ↑ 9.09% - $139.67

BNB ↑ 7.76% - $480.56

BNB ↑ 7.76% - $480.56

Check out the latest on meme coins' rise

Check out the latest on meme coins' rise