Bitcoin, Ether, XRP, Dogecoin Lag Nine-Week Stocks Rally as ETF Demand Cools
Key takeaways
- Major cryptocurrencies underperformed amid record U.S.
- stock highs, with Bitcoin slipping 2.6% over the past week to around $73,445 and U.S.
- Bitcoin and Ether ETFs seeing roughly $2 billion in combined outflows from May 20-29, while XRP ETFs gained $35 million.
AI insight — what it means
Bitcoin and other cryptocurrencies fell behind rising stock prices lately. Money leaving Bitcoin and Ether investment funds points to weaker demand from buyers right now.
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