nvestments tied to Bitcoin led with $2 billion in fund flows last week, which took the cumulative post-election figure to $11 billion. Sentiment was lifted higher upon the Trump win which people viewed as a positive sign toward getting better and more clear regulations on the space and an administration that is more sympathetic towards the workings of cryptocurrencies. The largest share came from the US with billion USD 3.1 billion, then Switzerland, Germany and Brazil.
Bitcoin and Short Products Gain Ground
Bitcoin trading by volumes surged to $21bn weekly, by a proportion of thirty percent of trusted exchanges. Short Bitcoin products also got $14.6 million in Inflows, there was a shift to hedging strategies pointing to the record $106,000 price offered for Bitcoin.
Ethereum and Altcoins See Strong Momentum
It is seventh straight week that Ethereum liquidity is growing, this week the cryptocurrency has $ 1 billion of funds and total funds for 7 weeks is $ 3.7 billion. Group Ethereum funds showed a 15-day consecutive figure above $2bn. Other alts such as XRP, Polkadot, and Litecoin were also in green territory with XRP brushing $145 million as ETF speculation rages on.
Cryptocurrency Trading Market Wins Investors’ Trust
The incoming flow in the crypto market demonstrates the revival of investors and enhanced political positivity along with the multiple opportunities for investment. Due to strong performance from Bitcoin and other altcoins, the sector is on course to sustain the trend.
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