The new week began with gains for Bitcoin (BTC) and altcoins, as the US-Iran conflict continued.
Bitcoin briefly rose above $74,000 but later gave back some of its gains, falling back to around $73,000.
While Bitcoin’s recoveries continue to be short-lived, Coinshares has released its cryptocurrency report, stating that there was a $1.06 billion inflow last week.
Bitcoin (BTC) Takes the Lead!
Looking at crypto funds individually, it was observed that inflows were mainly in Bitcoin.
Bitcoin saw inflows worth $793.4 million, while Ethereum (ETH) experienced inflows of $315.3 million.
Looking at other altcoins, XRP experienced an outflow of $76.1 million, while Solana (SOL) saw an inflow of $9.1 million, Sui (SUI) $3.1 million, and Chainlink (LINK) $2.7 million.
Looking at regional fund inflows and outflows, the US ranked first with an inflow of $1.02 billion.
After the US, Hong Kong saw inflows of $23.1 million, Canada $19.4 million, and Switzerland $10.4 million. In contrast, Germany experienced outflows of $17.1 million.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/weekly-critical-report-for-bitcoin-btc-and-altcoins-is-here-the-table-is-good-for-ethereum-eth-and-t/
