This Week in Coins: Bitcoin and Ethereum Erase Gains, 3AC Files for Bankruptcy

[Tamsialu$$]

Outflows from Bitcoin-specific funds hit a record-high dollar amount.
Bitcoin’s and Ethereum’s 30% gains last week were short-lived, as both market leaders depreciated more than 10% over the last week, with Bitcoin falling below the key $20,000 support level.
Several leading cryptocurrencies posted notable losses this week, including Polygon and Near Protocol, each down 22%, to $.47 and $3.30, respectively. Avalanche fell 23% to $16.32, Solana fell 23% to $32.63, and Polkadot fell 18% to $6.80.

Virtually every top 30 cryptocurrency posted losses of double-digit percentage figures except UNUS SED LEO, TRON, and Dogecoin. LEO dropped 1.5% to $5.77, while Dogecoin also fell 1.5%, to $0.06719. Meanwhile, TRON only depreciated by 0.69% this week to $0.06485.more