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The traded exchange products for digital currencies (ETPs) experienced a significant setback last week, with outflows reaching 240 Million Dollar.
This shift comes after rising trade tensions in the United States, which has raised caution among investors amid the broad new tariffs imposed by President Donald Trump on imports.
Cryptocurrency outflows reached 240 million Dollar last week.
According to the latest report from CoinShares, total outflows from cryptocurrencies reached 240 million Dollar last week, primarily driven by fears that trade disruptions could hinder global growth.
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The current price of Bitcoin in US dollars is $59,271.09 as of 03/09/2024. Bitcoin trading will continue at a level ranging from $66,000 to $76,000 until the end of 2024. The price of the currency may reach $76,000 - $78,000 by the end of the year.

Bitcoin will continue to trade at a level ranging from $66,000 to $76,000 until the end of 2024. The price of the currency may reach $76,000 - $78,000 by the end of the year. In 2025, the average price of Bitcoin will reach $109,000, and it is expected to trade within the range of $124,000 - $132,000.

In a separate memo, Standard Chartered Bank wrote: "In 2025, we expect to see the Ethereum-to-Bitcoin price ratio rise again to the 7% level that prevailed during most of the 2021-2022 period." "Given our estimated Bitcoin price level of $200,000 by the end of 2025, this means that the price of Ethereum would be $14,000."