Key Takeaway:
Bitcoin and U.S. capital inflows into crypto products surged as investors took advantage of lower market prices. Altcoins like Ethereum also saw positive investor attention, with overall market revival observed.
Crypto Market Inflows and Investments
Investors parked $1.44 billion into crypto vehicles, with a significant amount flowing into Bitcoin ETFs in the U.S. and other regions, marking Bitcoin’s fifth-largest weekly influx. Ethereum attracted $72 million in investments, surpassing 2021’s inflows and setting new records for digital asset investments.
Market Recovery and Sentiment
The recent surge in crypto markets saw a 3.9% increase, with Bitcoin and major altcoins like Ethereum, BNB, and Solana experiencing price gains. Market sentiment improved, with the fear and greed index showing a neutral rating of 52. The uptick in the market was attributed to various factors, including failed assassination attempts and improved confidence in pro-crypto presidential candidates.
