Last week saw a surge in digital asset investments, with $2.17 billion flowing into crypto products, the highest since October. U.S. spot Bitcoin ETFs led the way, with BlackRock’s IBIT receiving $1.03 billion in net inflows.
Bitcoin dominated with $1.55 billion netflow, despite potential regulations on stablecoins. Ethereum and Solana also saw inflows, along with altcoins like XRP, Sui, Lido, and Hedera.
Global tension and trade war fears have impacted the crypto market, causing $865 million in liquidations. ETFs, typically a source of buying pressure, have lagged recently, with last week’s surge potentially a reaction to earlier buying pressure.
Bitcoin’s recent drop may have room for recovery, as higher-timeframe market structure remains positive. Prediction market users on Myriad are confident, placing an 83.7% chance on Bitcoin reaching $100,000.
Bitcoin is currently down 2.1% over the past 24 hours, trading just below $93,000.
Read more at Yahoo Finance: Digital Asset Funds Drew in $2.17B Last Week, Highest Level in Three Months
