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Reading: Positive Atmosphere in Cryptocurrencies! While Bitcoin and Ethereum Investment Products are Rising to Star, the Table Is Mixed for Altcoins!
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EdaFace Newsfeed > Latest News > Crypto News > Positive Atmosphere in Cryptocurrencies! While Bitcoin and Ethereum Investment Products are Rising to Star, the Table Is Mixed for Altcoins!
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Positive Atmosphere in Cryptocurrencies! While Bitcoin and Ethereum Investment Products are Rising to Star, the Table Is Mixed for Altcoins!

vitalclick
Last updated: September 30, 2024 8:51 am
4 months ago
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Cryptocurrency investment products It reached a total size of 1.2 billion dollars with inflows for the third week in a row. It is thought that new option approvals for investment products in the USA triggered this positive movement. Ethereum (ETH) $2,652 Investment products also recorded a remarkable recovery, breaking the five-week series of declines. However, the mixed picture in altcoins confused investors.

Interest in Cryptocurrency Investments is Increasing in the USA and SwitzerlandWhile Bitcoin and Ethereum Recover, Mixed Picture for Altcoins

Interest in Cryptocurrency Investments is Increasing in the USA and Switzerland

for the last three weeks cryptocurrency Inflows into investment products reached 1.2 billion dollars. The biggest reason for this rise is considered to be the dovish monetary policy expectations in the USA and the strengthening of price movements in this direction. Additionally, the approval of options for some US-based cryptocurrency investment products seems to have increased investor confidence. However, total assets under management (AuM) increased by 6.2 percent last week, while trading volume fell by 3.1 percent.

Regionally USA 1.2 billion dollars and Switzerland While it experienced the largest inflows at $84 million, figures in Switzerland reached the highest level seen since mid-2022. Against this Germany And Brazil It attracted attention with outputs of $21 million and $3 million, respectively.

While Bitcoin and Ethereum Recover, Mixed Picture for Altcoins

Bitcoin (BTC) $65,693 While inflows into investment products reached 1 billion dollars, this large flow also provided an inflow of 8.8 million dollars into investment products that can be shorted. At the same time Ethereum It ended the five-week series of declines and gave a positive signal with an inflow of $87 million. This is the first time Ethereum has seen significant inflows since the beginning of August.

On the other hand altcoinThere is a mixed picture in the ‘s. solana (SOL) was the asset that experienced the most outflows with an outflow of $4.8 million. Litecoin $69 (LTC) and XRP While (XRP) showed a positive performance with an inflow of $ 2 million and $ 800 thousand, respectively, BNB (BNB) and Stacks (STX) was negatively affected, with outflows of $1.2 million and $900 thousand, respectively.

Although there is a generally positive atmosphere in the cryptocurrency market, negative fluctuations in altcoins show that investors should be careful.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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