Critical Report for Bitcoin (BTC) and Altcoins! The Table is Good for Bitcoin and Ethereum (ETH), Bad for XRP and This Altcoin!

Bitcoin (BTC), which surged on Friday following Iran’s reopening of the Strait of Hormuz, climbed above $78,000.

However, this rise was short-lived. Bitcoin fell again as the US did not lift the blockade despite the opening of the Strait of Hormuz, and in response, Iran attacked a US merchant ship.

Bitcoin, which had fallen as low as $73,000, rose again to over $75,000, while Coinshares released its cryptocurrency report stating that there was a $1.4 billion inflow last week.

Bitcoin (BTC) Continues to Remain Strong!

Looking at crypto funds individually, inflows are concentrated in Bitcoin. BTC experienced inflows of $1.11 million, while the largest altcoin, Ethereum (ETH), saw inflows of $328 million.

Looking at other altcoins, XRP experienced an outflow of $56.2 million after strong weeks. Besides XRP, Solana (SOL) also saw an outflow of $2.3 million, while Sui (SUI) experienced an inflow of $2.2 million and Chainlink (LINK) saw an inflow of $5.3 million.

Looking at regional fund inflows and outflows, the US ranked first with an inflow of $1.49 billion.

After the US, Germany ranked second with $28 million in inflows, while Canada came in third with $8.3 million.

These inflows were followed by Switzerland being the only country to experience outflows, with $137.8 million.

*This is not investment advice.

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