Bitcoin continues dominance as 3rd week of fund inflows correct previous months’ outflows

Canada News News

Bitcoin continues dominance as 3rd week of fund inflows correct previous months’ outflows
Canada Latest News,Canada Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

It only took three weeks if positive inflows to overcome nine weeks of outflows as digital asset inflows top $136 million.

. This week adds $10 million, bringing the two-week inflow haul for BTC alone to $256 million.

This continues Bitcoin’s crypto market dominance by extending its total market cap from last week’s 51.46% to aIn other good news for hodlers, blockchain equities inflows reached a year-long high of $15 million. This more than doubled last week’s $6.8 million, which snapped a nine week outflow streak of its own, according to Coinshares.

However, there may be some indication of equilibrium on the horizon, as overall liquidity appears to be down. According to the report, trading volume has hit a “seasonal low,” imitating cycles from previous years that saw low liquidity in July and August.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin halving bullish for Saylor’s MicroStrategy: Berenberg CapitalBitcoin halving bullish for Saylor’s MicroStrategy: Berenberg CapitalAnalysts from Berenberg Capital Markets say that the upcoming Bitcoin halving could be a major positive for value of shares in saylor’s enterprise analytics firm MicroStrategy.
Read more »

Bitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday – Market Updates Bitcoin NewsBitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday – Market Updates Bitcoin NewsEthereum moved briefly above the $1,900 level on Tuesday, as the U.S. dollar weakened versus several G7 currencies.
Read more »

Bitcoin Ordinals About to Flip Ethereum NFTsBitcoin Ordinals About to Flip Ethereum NFTsThe Bitcoin and Ethereum rivalry is heating up in the non-fungible token (NFT) sector as Bitcoin's 'Ordinals' are poised to outpace Ethereum in terms of sales growth and active buyer participation
Read more »

Vitalik Buterin wants Bitcoin to experiment with layer2 solutions just like EthereumVitalik Buterin wants Bitcoin to experiment with layer2 solutions just like EthereumThe Ethereum co-founder shed light on how Ethereum has managed to incorporate various scaling solutions over the years and the recent experiment with ZK rollups and Plasma has given better throughput.
Read more »

Bitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction – Mining Bitcoin NewsBitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction – Mining Bitcoin NewsStatistics recorded on July 9, 2023, indicate that the next Bitcoin mining difficulty adjustment is scheduled for July 12, 2023.
Read more »

Iowa Resident Scammed of $6,600 in Bitcoin ATM Scheme, Police Launch Investigation – Bitcoin NewsIowa Resident Scammed of $6,600 in Bitcoin ATM Scheme, Police Launch Investigation – Bitcoin NewsThe Clive Police Department insists that the scammers utilized cryptocurrencies due to the challenges in tracking these assets.
Read more »



Render Time: 2025-02-27 01:44:56