Bitcoin (BTC) and altcoins started the new week positively, with Bitcoin rising above $110,000 and Ethereum above $4,000.
As the market continues to recover due to the approaching FED interest rate decision and improving macroeconomic conditions, CoinShares released its weekly cryptocurrency report and saw a net outflow of $513 million last week.
The outflows were driven by Bitcoin products, which recorded $946 million in outflows, while the two-week inflow trend was also reversed.
Negative Sentiment Prevails in Bitcoin, Positive Sentiment Prevails in Ethereum and Altcoins!
When looking at individual crypto funds, it was seen that the majority of outflows were in Bitcoin.
While Bitcoin experienced an outflow of $946 million, Ethereum (ETH) experienced an inflow of $205 million.
Looking at other altcoins, Solana (SOL) saw an inflow of $156.1 million, XRP $73.9 million, Sui (SUI) $5.9 million, and Cardano (ADA) $3.7 million.
When looking at regional fund inflows and outflows, the USA ranked first with an outflow of $621 million.
Following the USA, Sweden had an outflow of $54.2 million and Hong Kong had an outflow of $9.8 million.
In the face of these outflows, Germany experienced an inflow of $59.3 million and Switzerland $48 million.
*This is not investment advice.
Continue Reading: The Great Crash Led to a $1 Billion Sell-Off in Bitcoin! But Huge Buy-Offs Came for Ethereum, Solana, XRP, and Altcoins!
Source: https://en.bitcoinsistemi.com/the-great-crash-led-to-a-1-billion-sell-off-in-bitcoin-but-huge-buy-offs-came-for-ethereum-solana-xrp-and-altcoins/



