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CoinGape

Crypto Funds See $305M Outflows, Institutions Bearish On BTC, ETH?

CoinGape
Summary
Nutrition label

72% Informative

Bitcoin (BTC) and ETH ( ETH ) experienced the most outflows, amounting to approximately $305 million over the past week .

Bitcoin miner revenue in August plummeted to a one-year low, totalling $827.56 million , a 57% drop from the March 2024 peak.

At press time, BTC price was $ 58,411.70 , marking a 7-day decrease of 8.48% over the last seven days .

Despite the week 's sharp decline, the current market capitalization remains at $1.15 trillion .

VR Score

60

Informative language

53

Neutral language

42

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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