The post XRP Bucks The Trend As US Retail Sales Push Crypto Outflows to $146 Million appeared on BitcoinEthereumNews.com.

Crypto inflows last week were modest at $6 million, as negative flows provoked by US economic indicators whitewashed significant gains made by mid-week. Notwithstanding, the positive flows, though modest, suggest shifting sentiment in the market. US Retail Sales Trigger $146 Million in Crypto Outflows The latest CoinShares report indicates that crypto inflows came in at only $6 million last week, amid mixed investor sentiment. While the week started with minor inflows, stronger-than-expected US retail sales figures on Wednesday last week inspired outflows of $146 million. “Digital asset investment products saw net inflows of US$6 million, with mid-week US retail data triggering US$146 million in outflows,” CoinShares’ head of research James Butterfill stated. As it happened, US Retail Sales climbed in March on a jump in car purchases. Beyond adjusting for inflation, the value of retail purchases increased the most in over two years. This economic indicator, which measures year-over-year consumer spending, also showed that households stepped up purchases of motor vehicles and a range of other goods. According to Reuters Business, the objective was to avoid higher prices from Trump tariffs. “The US Commerce Department said retail sales increased 1.4% last month, up significantly from February’s 0.2% rise, the most in more than two years, as households stepped up purchases to avoid higher prices from President Trump’s tariffs,” read the report. Against this backdrop, the US continued to see outflows, totaling $71 million last week. This effectively contravened what was seen in other markets, with Europe and Canada, among others, recording positive flows. Meanwhile, Ethereum led the negative flows, recording nearly $27 million in outflows, followed by Bitcoin, which had $6 million in outflows. Crypto Inflows last week. Source: CoinShares Indeed, the data reflects mixed sentiment, with investors pivoting to altcoins such as XRP, Solana, and Cardano, the colloquial made…

---

Filed under: News - @ April 22, 2025 12:26 pm