The outflows are the largest since a record of nearly $1 billion during the third week of March as bitcoin fell back from its all-time high.

The analysts also argued that the SEC's denial of spot Ethereum ETFs could be bullish for the Ethereum ecosystem.

The price of bitcoin has dropped below the $63,000 mark amid concerns that the U.S. economy is slipping into stagnation.

The bitcoin miner earned $218,544 in total rewards for mining block 841,286 using CKpool in a solo mining configuration.

Lazarus Group usually impersonates an investor to target prominent DeFi projects, blockchain security firm SlowMist said.

The interplay between Bitcoin dominance and the performance of altcoins is complex and multifaceted, reflecting sentiment and positioning.