CoinShares Reports $434M Crypto Outflows After Hot CPI
By Damilola Esebame
Source excerpt · FinanceFeeds
Digital asset investment products recorded $434 million in net outflows so far in the week to October 16, according to CoinShares' weekly fund flows report . The drawdown accelerated after the Bureau of Labor Statistics (BLS) reported September Consumer Price Index (CPI) inflation at 3.7% year over year on October 14, above the 3.6% consensus forecast. Hot Inflation Data Compounds Macro Pressure M…