Bitcoin and Ethereum funds collectively lost $876 million as the market saw a decline despite President Trump's strategic crypto reserve announcement.
Investment products in the global crypto market experienced net outflows of $876 million last week, marking the fourth consecutive week of outflows and a total loss of $4.75 billion over the past four weeks.
The outflows were triggered by President Trump's decision to impose more tariffs, and U.S. investors withdrew $922 million from crypto funds.
The market decline was also impacted by rising US inflation and a challenging US jobs report, which puts the Federal Reserve in a tough spot to choose between economic growth and managing inflation.