Cryptocurrencies see the sixth week in a row with tributaries, led by Bitcoin-CoinShares data

The inflows to the sector last week reached $ 95 million, led by investments in Bitcoin of $ 50.2 million, according to Coinshares data on September 24th. In the past six weeks, the crypto inflows amounted to $ 320 million. For 2021, the inflows amounted to $ 6 billion.

bitcoin The main burden of the negative investor's mood of the last two quarters. The tributaries of the last week were only the fourth week of the tributaries of the last 17th. This year the tributaries in Bitcoin have so far remained robust with $ 4.3 billion.

On Friday, China's most powerful supervisory authorities struck a hard time against cryptocurrencies with a blanket ban on all crypto transactions and mining, which hit Bitcoin and other large coins and put pressure on crypto and blockchain-related stocks.

Analysts said, however, that investors apparently winced their shoulders on Monday.

"We see again a real resilience at Bitcoin, which pressed $ 40,000 at a time," said Craig Erlam, Senior Market Analyst at Oanda in London.

Bitcoin had last fell by 0.2% to $ 43,108 $

The Blockchain data provider Glassnode pointed out the "relatively low capacity" of the Bitcoin block room in his latest research note from Monday, which can be both a bear and a bullish signal.

It added that the current Bitcoin transactions are 175,000-200,000 per day, "which resembles the level of the Bärenmarkt 2018".

Coinshares data also showed that Ether products had the second most tributaries last week with $ 29 million, since investors were looking for further improvements in Ethereum blockchain.

ether fell by 2.1% to $ 3,000.88 on Monday.

The managed assets of Grayscale and Coinshares, the two largest digital asset managers, dropped to 38.016 billion

A look at all business events of today can be found in our economic calendar.

(Reporting of Gertrude Chavez-Dreyfuss; Editor of Jonathan Oatis)