Last week, crypto investments saw a major comeback, with a whopping $436 million flowing into the market. This is a big change from the previous two weeks, which saw money flowing out.
Bitcoin’s Big Win
Bitcoin was the main driver of this positive change. After a long period of investors pulling money out, Bitcoin funds saw a massive $436 million influx. This shift shows that investors are starting to believe in Bitcoin again, especially in the US.
Most of the money went into Bitcoin ETFs, which are like stocks but for Bitcoin. European markets also saw a boost, with Switzerland and Germany leading the way. However, Canada saw some money flow out.
Other Crypto News
While Bitcoin was the star of the show, Solana also saw some positive action, with investors putting more money into Solana funds for the fourth week in a row.
Why the Change?
The shift in investor sentiment seems to be linked to expectations about interest rates. Some experts believe that interest rates might be lowered soon, which could be good news for crypto.
Not All Sunshine
Despite the positive news, trading volume for crypto investments remained low, which could be a sign of uncertainty. While Bitcoin was booming, Ethereum funds continued to struggle, losing money for the second week in a row. This suggests that investors are still cautious about Ethereum.
Overall, last week was a good one for Bitcoin, but the crypto market remains volatile. It’s too early to say if this is a long-term trend, but it’s definitely a positive sign.
