Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week, Utah’s senate has passed a Bitcoin bill without the Bitcoin reserve provision, and Changpeng “CZ” Zhao asked Elon Musk to ban automated bots on X.
After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10.
While the pace of outflows slowed, investor sentiment remained bearish, according to James Butterfill, head of research at CoinShares.
