Bitcoin Plummets $28.8k as Crypto Outflows Reach Unprecedented Levels

The price of Bitcoin took a downward turn on Monday afternoon, plummeting to approximately $28,800. This decline comes amid reports of significant outflows in crypto investment products, which amounted to a staggering $107 million just last week, as revealed by CoinShares. With market volatility and investor uncertainty persisting, it is evident that the cryptocurrency landscape continues to experience notable fluctuations and challenges.