Risky assets made a strong comeback last week. The United States equities markets rallied more than 5.4% and the crypto markets saw strong gains in select altcoins. Although Bitcoin sustained above the psychological level of $20,000, the gains have been muted. This shows that the investors remain cautious and are not convinced that a bottom has been formed. Institutional investors continue to withdraw funds from digital assets, according to the latest CoinShares’ weekly “Digital Asset Fund Flows” report. Digital investment products saw the largest outflows of $423 million, mainly due to outflows from the Canadian exchanges on June 17.

The recovery in Bitcoin’s price could be a long-drawn affair, according to Binance founder and chief executive Changpeng Zhao. In an interview with The Guardian, Zhao said that it could “take a few months or a couple of years” before Bitcoin reaches its all-time high but added that “no one can predict the future.”

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!