Crypto Inflows Fully Correct Nine Weeks of Outflows
CoinShares reported on July 10 that a third straight week of positive digital asset inflows has fully corrected nine weeks of outflows for the market. The inflows this week totaled $136 million, with 98% of that going to Bitcoin (BTC) and the remaining 2% mostly going to Ether (ETH), multi-asset holdings, and a few altcoins.
This three-week streak of positive movement has brought the total inflow amount to $470 million, fully correcting for the previous outflow streak according to CoinShares. BTC inflows have been particularly strong, with last week’s yearlong high of $123 million and this week’s additional $10 million bringing the two-week total to $256 million.
The crypto market has seen a surge in investment from big eyes crypto, ankr crypto, and atom crypto, as well as other crypto aggregators, making it easier for investors to invest in web 3.0. Despite the recent crypto crash, luna crypto and voyager crypto still remain popular options for today’s crypto investors.
Crypto Market Dominance and Liquidity
Bitcoin’s crypto market dominance extended from last week’s 51.46% to 51.66% as of July 11, continuing its total market cap.
CoinShares reported that blockchain equities inflows reached a yearlong high of $15 million, more than doubling the previous week’s $6.8 million and ending a nine-week outflow streak.
However, trading volume has dropped to a “seasonal low”, suggesting a possible equilibrium in the market. This is similar to previous years that saw a decrease in liquidity during the summer months of July and August.
Some investors are becoming concerned over the lack of a clear trend, despite the positive news regarding crypto inflows.
The optimism that had been generated by the possibility of one or more companies receiving approval from the US government to offer Bitcoin as a spot exchange-traded fund may be waning as the process drags on.
The US Securities and Exchange Commission’s ongoing litigation against Binance and Coinbase also adds to the uncertainty, as there is no indication of how the courts will rule.
Ankr crypto, Big Eyes crypto, and Voyager crypto today are all popular options for those looking to invest in crypto and Web 3.0. For those looking to stay up-to-date with the latest news and trends, Luna Crypto and Crypto Aggregator are great resources. And with Atom Crypto and Today’s Crypto, investors can stay informed about the crypto market and any potential crypto crash.
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