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Crypto

Crypto Market Downturn Continues with $225M in Outflows

Guavy AI Editorial Team
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The crypto market experienced a downturn today, with the total market cap shrinking by 1.18% in the past 24 hours.

The Crypto Market Fear and Greed Index sat at a score of 34, indicating fear was still prevalent in the market.

Bitcoin's longest streak of spot ETF inflows in nine months came to an end with $225.1 million in outflows reported by SoSoValue on Thursday, July 23.

The escalation of U.S.-Iran tensions and higher Brent crude prices added to the risk-off mood across markets, contributing to the decline in Bitcoin and Ethereum prices.

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