Cryptocurrency funds see largest inflows since January
Cryptocurrency funds saw inflows of $1 billion last week, the largest level since the third week of January, breaking a five-week streak of outflows totaling $4 billion.
Bitcoin leads recovery
Bitcoin led the recovery with inflows of $881 million, while Ethereum saw inflows of $117 million, its largest weekly increase since mid-January, reaching a price of nearly $2,166.
Cryptocurrency performance
Bitcoin rose 8.20% in the last 24 hours to reach approximately $74,000, while Ethereum jumped 10.47% to $2,188, and Solana climbed 9.20% to approach the $91 level.
Global Market Correlation
The positive performance of cryptocurrencies coincided with a recovery in stock and metal markets, despite the ongoing military escalation in the Middle East, reflecting a renewed appetite among investors for high-risk assets.
Looking Ahead
Analysts expect that continued liquidity flows into cryptocurrencies will enhance the prospects for market stability in the medium term, especially given the improved sentiment in global markets.
