Crypto Funds Post $1.4B Inflows as BTC Almost Touches $78K
Summary
Cryptocurrency investment products experienced a strong week with $1.4 billion in inflows, driven largely by Bitcoin price momentum and geopolitical optimism regarding ceasefire talks. Bitcoin led the surge with $1.12 billion in inflows, while Ether products reached their strongest weekly performance since January, bringing their year-to-date inflows into positive territory. Despite this growth, some altcoins like XRP and Solana faced minor outflows. Geographically, the United States dominated market activity, accounting for $1.5 billion in inflows, while the broader market sentiment improved as reflected in a shift in the Crypto Fear & Greed Index.
(Source:Cointelegraph)