Bitcoin (BTC) and altcoins started the new week with the US-Iran conflict. Bitcoin fell to $63,000 over the weekend before recovering to around $66,000.
As market weakness and uncertainty persist, Coinshares released its cryptocurrency report, stating that it experienced $1 billion in inflows last week.
“Cryptocurrency investment products saw $1 billion in inflows, ending a five-week streak of $4 billion in outflows.”
“The decline in prices, technical resets, and the regrouping of large investors supported this trend.”
Looking at crypto funds individually, it was observed that inflows were mainly in Bitcoin.
Bitcoin saw inflows worth $881.5 million, while Ethereum (ETH) experienced inflows of $116.9 million.
Looking at other altcoins, XRP saw inflows of $1.9 million, Solana (SOL) $53.8 million, and Chainlink (LINK) $3.5 million.
Looking at regional fund inflows and outflows, the US ranked first with an inflow of $957 million.
After the US, Canada saw inflows of $34.1 million, Germany $31.7 million, and Switzerland $28.4 million. In contrast, Sweden experienced small outflows of $3.3 million and France $1.2 million.
*This is not investment advice.
Continue Reading: As the New Week Begins with US-Iran Tensions, a Critical Report for Bitcoin, Ethereum, and Altcoins Has Been Released! What’s the Current Situation?


