GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow, provision data from Farside show.

These influences include rising geopolitical tensions, higher interest rates for longer, reflation and ballooning national debts, the report said.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users.

Bitcoin's rally in the past six months will help cushion crypto miners from the effects of the 50% cut in their earned rewards, the report said.