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Dollar Cash-Outs Reach $62.41 Million in Oct. 26 Crypto Snapshot

Tether (USDT) supplied $84.43 million to cryptocurrency flows, while $19.95 million moved into the stablecoin.

Updated 1 min read
An anonymous customer operates a cryptocurrency kiosk on a Seoul street. / EconoTimes.ai
An anonymous customer operates a cryptocurrency kiosk on a Seoul street. / EconoTimes.ai

Cryptometer's Oct. 26 snapshot showed $62.41 million flowing from cryptocurrencies into U.S. dollars, more than triple the $20.74 million moving from dollars into digital assets. The difference between the two reported flows was $41.67 million.

Ether (ETH) accounted for $34.42 million in token exits, the highest amount listed. Bitcoin (BTC) had $26.53 million in outflows but led token inflows at $38.15 million. Zcash (ZEC) followed on the inflow list with $12.88 million, ahead of ETH at $9.40 million.

Tether (USDT) showed $84.43 million moving from the stablecoin into other cryptocurrencies. Flows into USDT totaled $19.95 million. USD Coin (USDC) supplied $4.95 million to cryptocurrency flows and received $2.39 million.

Beyond the dollar flows, KRW supplied $9.32 million in fiat funding and EUR supplied $4.32 million. Among fiat cash-outs, BRL received $7.48 million and KRW received $5.88 million.

An Oct. 22 Cryptometer tally recorded $403.44 million in Bitcoin outflows. The two readings represent separate snapshots.

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