Bitcoin and Ethereum Prices Struggle Amid Market Downturn
Overview
Bitcoin and Ethereum traded at key levels amid $1.7 billion in crypto investment outflows for last week. The negative flows have now stretched to five straight weeks, with outflows running for 17 straight days. BTC traded just above $83k while ETH hovered near $1,900 as of writing.
Market Performance
- Bitcoin and Ethereum prices continue to struggle amid a broader market downturn.
- BTC and ETH traded just in the green at $83,417 and $1,907 respectively on March 17, 2025.
- The top two digital assets by market cap were up 1.1% and 1.5% respectively.
Digital Assets See Outflows for Fifth Straight Week
According to the latest report on the performance of digital asset investment products, bearish pressure remains as outflows mount. James Butterfill, head of research at crypto asset manager CoinShares, reported that the market recorded a fifth consecutive week of outflows last week.
Investors pulled over $1.7 billion from crypto exchange-traded products (ETPs) and other investment products for the week ending March 14. Overall, it extended the negative flows to a five-week total of $6.4 billion.
“This also marks the 17th straight day of outflows, the longest negative streak since our records began in 2015,” Butterfill noted.
Despite the gloom, year-to-date inflows remain in positive territory at $912 million. However, the sustained price correction is likely to dent investor confidence, with total assets under management decreasing by $48 billion to $133 billion.
Top Two by Market Cap Lead in Outflows
Bitcoin’s weekly outflows reached $978 million, pushing its five-week total to a staggering exit of $5.4 billion. Investors have also been unwinding short-bitcoin positions, with a total of $3.6 million in short BTC positions leaving exchange-traded funds and other digital asset products.
Analysts at QCP Capital noted that BTC is holding strong, but macro headwinds could take control. They advise watching for US Retail Sales data and Fed commentary to set the tone for the next big move.
On the other hand, Ethereum has experienced a downward trend in both market price and investment products AUM. Concerned investors pulled $175 million from ETH products last week, coinciding with a 7.7% downturn in seven days. Ether price is down by more than 30% in the past month.
Solana registered notable outflows of $2.2 million, while XRP defied the trend with $1.8 million in inflows.
