Bitcoin has recorded the largest inflow since 2021, while Ethereum records drains

Title: Bitcoin has listed the largest inflow since Q4 2021, while Ethereum has shown drainage, according to Coinshares, the cryptocurrency market is currently on the upper, since the total inflows of the past four weeks have reached $ 742 million. This most recent inflow effectively reverses the previous nine-week drains and marks the largest inflow since the fourth quarter of 2021. Bitcoin maintains its dominant position and recorded 99 % of all medium inflows this week, which corresponds to a total volume of $ 140 million. In contrast, Ethereum recorded drains of $ 2 million, which has made the highest overall drains since the beginning of the year. Although Bitcoin ...

18. Juli 2023

Krypto News Österreich

Artikel als PDF

Kommentare

Diesen Artikel teilen:

Facebook X Whatsapp Email

Title: Bitcoin has listed the largest inflow since Q4 2021, while Ethereum records drains

According to Coinshares, the cryptocurrency market is currently on the upper, since the total inflows of the past four weeks have reached $ 742 million. This most recent inflow effectively reverses the previous nine -week drains and marks the largest inflow since the fourth quarter of 2021.

Bitcoin retains its dominant position and recorded 99 % of all medium inflows this week, which corresponds to a total volume of $ 140 million. In contrast, Ethereum recorded drainage of $ 2 million, which has made the highest overall drains since the beginning of the year.

Although Bitcoin is still the dominant player, its market capitalization has only changed minimally in a comparison of the week. This indicates a comparatively stable price movement for the largest cryptocurrency, as TradingView data shows. On July 17, the market dominance of Bitcoin was 50.18 %.

In terms of geographical locations, the United States and Canada have proven to be the main locations for digital asset activities. The United States recorded tributaries of $ 109 million, while Canada recorded $ 28 million. Most of the other regions, on the other hand, recorded drains, with the exception of Switzerland, which recorded an inflow of $ 3.3 million. This corresponds to a monthly total of $ 12.2 million.

The growth of the capital inflows in the cryptocurrency market underlines the interest and trust of investors in this emerging form of investment. While Bitcoin continues to attract the most attention, Ethereum has to struggle with drains. The development of the market capitalization of Bitcoin is still carefully observed by analysts in order to predict possible future price movements. Overall, however, the trend for the cryptocurrency market seems to be positive, since more investors invest in digital assets and grows trust in this aspiring asset class.