Ceasefire talks between the US and Iran took place in Pakistan over the weekend. However, these talks did not yield a positive result, and US President Donald Trump made harsh statements.
This situation caused a pullback in Bitcoin ($BTC) and altcoins, with the $BTC price falling to the $70,000 level.
While the market closely monitors future developments between the US and Iran, Coinshares has released its cryptocurrency report, stating that there was a $1.1 billion inflow last week.
“There was a $1.1 billion inflow into cryptocurrency investment products. This was the strongest inflow since January and was supported by lower-than-expected inflation data and improved geopolitical stability.”
Bitcoin ($BTC) Reclaims Its Peak!
Looking at crypto funds individually, inflows are concentrated in Bitcoin. $BTC experienced inflows of $872 million, while the largest altcoin, Ethereum (ETH), saw inflows of $169.5 million.
Looking at other altcoins, $XRP saw inflows of $19.3 million and Chainlink (LINK) saw inflows of $1.3 million, while Solana (SOL) saw outflows of $2.5 million and Sui (SUI) saw outflows of $2.4 million.
“There was a total inflow of $871 million into Bitcoin, bringing the total year-to-date inflows to just under $2 billion. However, this did not deter investors expecting a decline; $20.2 million inflows were seen in short Bitcoin investment products. This was the largest weekly inflow since November 2024.”
Ethereum also experienced a strong recovery with $196.5 million in inflows, but it remains one of the only assets to be in a net outflow position since the beginning of the year.
$XRP saw inflows of $19.3 million, while other assets experienced significantly lower inflows. Solana, on the other hand, saw a small outflow of $2.5 million.
Looking at regional fund inflows and outflows, the US ranked first with an inflow of $1.06 billion.
After the US, Germany ranked second with $34.6 million in inflows, while Canada came in third with $7.8 million.
In response to these inflows, Australia and Sweden experienced minor outflows.
*This is not investment advice.
Leave a Reply
You must be logged in to post a comment.