Crypto-assets attract tributaries of $ 160 million

Crypto-assets attract tributaries of $ 160 million

After six consecutive weeks with drainage, investments for digital assets finally broke the declining phase in a reversal that, according to Coinshares, earned a total of $ 160 million.

This is the biggest inflow since July 2022.

• The latest edition of weekly report on the middle flows of digital assets showed that these investment products have recorded drains since the beginning of February and reached a total of $ 408 million. But Bitcoin benefited the most from the urgently needed trend reversal.
• Some market participants even praised Bitcoin as a "safe haven" for the first time, since the flagship crypto recorded tributaries of $ 128 million.
• The report says:

"Although the inflows came relatively late compared to the wider cryptom market, we believe that this is due to the increasing fear of investors for stability in the traditional financial sector."

• Despite the growing upward mood, the short-bitcoin inflows remained constant at $ 31 million.
• Ethereum, on the other hand, had to accept drainage of $ 5.2 million for the third time in a row.
• The analysts believe that this could be due to "investor reserves to the Shanghai upgrade", which is planned for April 12th to be the most likely reason.
• Altcoins seem to follow the Bitcoin course in relation to the inflows. Solana traces of $ 4.8 million, followed by polygon with $ 1.9 million and XRP with $ 1.2 million.
• inflows from many countries have also been followed, which indicates a general improvement in the mood in the asset class. The United States recorded the most remarkable growth with traces of $ 69 million. This was followed by Germany with $ 58 million and Canada with $ 26 million.

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