Exodus of money from cryptocurrency market - Economist

We find that the current support level for the bitcoin is at $36,000, as analysts continue to warn of a drop in the price of bitcoin, and the price of bitcoin today fell below $36,000 but bounced again.

Bitcoin is trading today and at the time of writing the article at a price of $ 36,019, and as it is known when Bitcoin falls, the market and the rest of the cryptocurrencies fall violently.

The top 50 cryptocurrencies by market capitalization saw daily losses of 6% or more, and the price of Ethereum is currently at $2,240, down 4.8% on the day.

Data from the cryptocurrency management website Coin Shares showed on Monday, June 14, that cryptocurrencies experienced an outflow of cash flow for the second week in a row.

Cryptocurrency outflows totaled $21 million in the week ending June 11, and since mid-May, the total outflows have reached $267 million.

Ethereum recorded the largest share of outflows last week, at $12.7 million, followed by Bitcoin in outflows of $10 million, well below the previous week's record high of $141 million.