CandleFocus FED Makes Hawkish Statements: Institutional Investors First Sold, Then Turned to Bitcoin and Surprise Altcoins!
2024-12-23
Author: Content Editor
The leading cryptocurrency Bitcoin closed the week with its first loss since Donald Trump's victory. However, CoinShares' weekly cryptocurrency report revealed that there was a total inflow of $308 million into cryptocurrency investment products last week. The majority of the inflows were seen in Bitcoin, with $375 million being invested. Ethereum also saw an inflow of $51.3 million. Other altcoins like XRP, Polkadot, Litecoin, and Chainlink also experienced inflows, while Solana saw an outflow of $8.7 million. The report also highlighted that multi-asset investment products saw outflows of $121 million, suggesting a more selective approach by investors. The USA had the highest inflow of funds, followed by Brazil, while Switzerland and Germany experienced outflows.
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