![]() ![]() Since a record peak of $69,000 hit on Nov. And when you’re feeling too confident, it’s often a good moment to step out.”īitcoin was last down 0.8% at $49,093. ![]() “In contrast, in the bull market of 2017, you also saw several crashes of sometimes up to 38% of its value … Often, the more afraid you are to step in, the better. ![]() ![]() The Omicron variant and pressure on the TradFi (traditional finance) markets also seem to affect bitcoin,” said Ruud Feltkamp, chief executive officer at automated trading bot Cryptohopper. “The crypto markets have become very volatile. A range of retail-focused exchanges closed more than $2 billion of long bitcoin positions on Saturday, according to Coinglass. Traders said the weekend fall in prices was connected to a broad move away from riskier assets in traditional markets on worries about the Omicron coronavirus variant.Īs prices fell, investors who had bought bitcoin on margin saw exchanges close their positions, causing a cascade of selling. It did see outflows of $42 million on Friday, as it bore the brunt of investor jitters amid sharp price declines. For the year, total inflows amounted $9.1 billion, slightly below the record peak of $9.5 two weeks ago.īitcoin, meanwhile, attracted $145 million net, its 12th straight week of inflows. NEW YORK – Cryptocurrency products and funds received $184 million in net inflows as of last week, data from digital asset manager CoinShares showed on Monday.įriday’s price weakness, however, did lead to $40 million outflows that day, CoinShares said. ![]()
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