Coinshares has listed the largest inflow since the fourth quarter of 2021, Bitcoin continues to dominate the market

Coinshares has listed the largest inflow since the fourth quarter of 2021, Bitcoin continues to dominate the market
cryptom market has listed the largest inflow since the fourth quarter of 2021
According to Coinshares, a crypto investment manager based in London, there has been a remarkable inflow of investment funds in cryptocurrencies in the past four weeks. This most recent inflow is $ 742 million and thus effectively reverses the nine-week outflow that was preceded by this series. This also represents the largest inflow since the fourth quarter of 2021 and may indicate a recovery of the cryptoma market.
The dominant player remains on the market and recorded 99 % of all medium inflows this week. The total volume of the inflows for Bitcoin is $ 140 million. However, there were drainage for other cryptocurrencies. Ethereum recorded an outflow of $ 2 million, which has made cryptocurrency with the highest overall drains since the beginning of the year. This could indicate that investors are currently increasingly relying on Bitcoin.Although Bitcoin is still dominant, its market capitalization has only changed minimally in the weekly comparison. This indicates a relatively steamed price movement for the largest cryptocurrency. According to TradingView, Bitcoin's market dominance is 50.18 %on July 17th. This shows that other cryptocurrencies such as Ethereum, Ripple and Litecoin may fall back in the favor of investors.
From a geographical point of view, the United States and Canada were 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. However, there was an exception - Switzerland. Switzerland recorded tributaries of $ 3.3 million, which corresponds to a total of $ 12.2 million.The current inflow of Mittel in the cryptomarkt indicates that investors' trust returns to digital assets. Bitcoin in particular retains its dominant position, while Ethereum has to deal with drains. It remains to be seen how the cryptom market will develop in the coming weeks and whether this inflow is sustainable.