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Reading: US Politics Revitalized Cryptocurrency Investments! Interest in Bitcoin is at its peak!
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EdaFace Newsfeed > Latest News > Crypto News > US Politics Revitalized Cryptocurrency Investments! Interest in Bitcoin is at its peak!
Crypto News

US Politics Revitalized Cryptocurrency Investments! Interest in Bitcoin is at its peak!

vitalclick
Last updated: October 28, 2024 12:33 pm
5 months ago
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Political developments in the USA cryptocurrencyIt brought the investment interest towards s to the peak. There was an inflow of USD 901 million into cryptocurrency investment funds this month. Total inflows since the beginning of the year have exceeded US$27 billion, almost triple the 2021 record. Especially USAprovided the highest investment inflow with 906 million US dollars. Germany And SwitzerlandWhile there were more limited increases in Canada, Brazil And Hong Kong There were slight increases in countries such as

US Politics Effect on Bitcoin InvestmentMixed Outlook on Ethereum and Solana

US Politics Effect on Bitcoin Investment

Most of this intense investment interest originating from the USA Bitcoin $68,187It was directed towards (BTC). Investments in Bitcoin stood out this month, reaching a total of $920 million.

Experts say Bitcoin’s price and investment flows US politicsHe states that he is impressed by the latest developments in It is thought that this interest has increased, especially as Republicans have gained power in public opinion polls. On the other hand, there was an outflow of 1.3 million US dollars this month from short Bitcoin funds, which are generally seen during periods when Bitcoin rises. This shows that investors prefer to stay away from risk.

Mixed Outlook on Ethereum and Solana

While influences in US politics support Bitcoin, Ethereum (ETH) $2,505 did not receive the same attention. Ethereum was the asset that suffered the highest outflow among cryptocurrency investment funds. According to the data, there was an outflow of 35 million USD from Ethereum investment funds. On the other hand solana (SOL) became the most popular cryptocurrency after Bitcoin, attracting investments of 10.8 million US dollars.

Blockchain stocks also showed signs of recovery. There has been positive entry on this side for three consecutive weeks. In the last week, 12.2 million US dollars were invested in the Blockchain sector.

Increasing interest in the cryptocurrency market, driven by political developments in the USA, brought the fourth highest monthly inflow of the year. These investments, which constitute 12 percent of total managed assets, shed light on the mobility of the cryptocurrency ecosystem on a global scale.

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

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