"Investments in Bitcoin (BTC) fell by $630 million over the past week, and the total volume of withdrawals in 14 days reached $1.1 billion, reports CoinShares. 📉 Outflow of funds from all cryptocurrency products amounted to $584 million at the end of the week of June 21. This is due with reduced investment from institutions and long-term investors due to the diminishing likelihood of a US Federal Reserve rate cut in 2024, trading volumes also declined, reaching $13.6 billion, the lowest since the launch of US Bitcoin ETFs in January. the decline in purchases and prices is mainly due to the sale of BTC by the German government and the market's expectation of a return of bitcoins from the trustee Mt Gox."