Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer

The digital asset market is experiencing a wave of investor caution, with Ethereum leading the charge. CoinShares reports show a third consecutive week of outflows, with Ether sustaining the biggest damage. This negative sentiment in the top altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a picture of a market searching for direction.
Ethereum Faces Headwinds Despite Upcoming Milestone
Ethereum, the world’s second-largest cryptocurrency, has s