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