CoinShares reported a significant outflow of $6.4 billion from cryptocurrency exchange-traded products (ETPs) over the past five weeks, marking the steepest decline on record. In the latest week, investors withdrew $1.7 billion, with Bitcoin funds suffering particularly, experiencing withdrawals of $978 million as prices fell to a four-month low of $77,000. CoinShares' Head of Research, James Butterfill, suggested that despite a recovery in Bitcoin prices, substantial resistance signals caution for further declines. Consumer sentiment has deteriorated, impacting the crypto market, particularly in light of President Trump's tariffs, which exacerbate investor anxiety. Butterfill believes we may be nearing the bottom of this market phase, though the timing of a potential recovery remains uncertain. As the U.S. Federal Reserve prepares for its upcoming policy meeting, any shifts in interest rates could influence crypto prices, especially if rates are cut amidst declining consumer sentiment.

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