Ether Posts Its Biggest Outflow With $12 Million Estimate

June 15, 2021

Ether, a token used in Ethereum’s blockchain, recorded its biggest outflow last week, estimated at $12.7 million, as cryptocurrency funds posted outflows for the second week in a row.

While total crypto outflows reached $21 million this week, total outflows since mid-May have totalled $267 million.

Since hitting a record high of $4,380.64 on May 12, ether has depreciated by 40%, with the cryptocurrency last up 1% at $2536.

For more information, read the original story in Reuters.

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TND News Desk

Staff writer for Tech Newsday.
Picture of TND News Desk

TND News Desk

Staff writer for Tech Newsday.

Jim Love

Jim is an author and podcast host with over 40 years in technology.

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