Ethereum

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-pour-533-million-into-crypto" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Pour $533 Million into Crypto</a><br></p>
<p style="text-align: justify">Last week saw a significant surge in investments into crypto-based products, totaling $533 million. This marks the highest level of inflows in the past five weeks. The spike in investments was largely driven by Federal Reserve Chair Jerome Powell’s hints at a possible rate cut during the Jackson Hole Symposium. <a href="https://en.bitcoinhaber.net/bitcoin-faces-potential-drop-below-55000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> led the charge with an impressive $543 million in inflows.</p>
<h2 id="what-caused-bitcoin-s-543-million-inflow">What Caused Bitcoin’s $543 Million Inflow?</h2>
<p style="text-align: justify">Despite a drop in trading volume in recent weeks, the weekly trading volume reached a substantial $9 billion. The United States was a major contributor, accounting for $498 million of the total inflows. Other noteworthy contributions came from Hong Kong and Switzerland, registering $16 million and $14 million, respectively. Conversely, Germany experienced a minor outflow of $9 million, continuing its trend of net outflows for the year.</p>
<p style="text-align: justify">Bitcoin emerged as the frontrunner with a remarkable $543 million in inflows. Most of this occurred on Friday, following Jerome Powell’s dovish comments on monetary policy. This underlines Bitcoin’s sensitivity to interest rate forecasts.</p>
<h2 id="why-did-ethereum-experience-36-million-outflows">Why Did Ethereum Experience $36 Million Outflows?</h2>
<p style="text-align: justify">In contrast, Ethereum faced outflows amounting to $36 million last week. At the same time, blockchain-related stocks experienced their third consecutive week of inflows, totaling $4.8 million. This trend indicates sustained interest and growing investor confidence in the blockchain sector.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Bitcoin showed a high sensitivity to monetary policy hints, leading to significant inflows.</li>
 <li>The US continues to dominate crypto inflows, highlighting its robust market presence.</li>
 <li>Despite Ethereum’s outflows, blockchain stocks are seeing consistent investment, suggesting confidence in the broader sector.</li>
</ul>
<p style="text-align: justify">Cryptocurrencies such as Bitcoin and Ethereum demonstrated a noticeable reaction to Jerome Powell’s statements regarding interest rate policies. Investors in the crypto <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">space</a> are cautious and closely monitoring potential changes in <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">interest rates</a>.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-pour-533-million-into-crypto" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Pour $533 Million into Crypto</a></h5>

Investors Pour $533 Million into Crypto

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