Bitcoin Cash

Solana

Bitcoin

<ul>
 <li>The report from July 8th also mentioned a $398M influx into Bitcoin investment products.</li>
 <li>Solana has been the top-performing altcoin so far, with $16 million in inflows.</li>
</ul>
In the last week, digital asset investment products saw inflows of $441 million, according to a new report from <a href="https://coinshares.com/" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>. The report from July 8th also mentioned a $398 million influx into Bitcoin investment products. Investors’ purchasing sprees were likely caused by the lower <a href="https://thenewscrypto.com/metaplanet-increases-bitcoin-holdings-with-2-42m-purchase-amid-price-drop/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> prices, activity from Mt. Gox, and selling pressure from the German authorities, according to CoinShares.
While $384 million came into the US, $32 million went to Hong Kong, $24 million to Switzerland, and $12 million to Canada, while $23 million left Germany.
<h2 class="wp-block-heading" id="h-capitalizing-on-bitcoin-price-dip">Capitalizing on Bitcoin Price Dip</h2>
Despite its closure, the Japanese cryptocurrency exchange Mt. Gox had a banner week last week. As it started paying back its debtors on July 5, it sent more than 47,000 BTC, which was valued around $2.7 billion at the time, to a wallet address that is still unknown.
In accordance with the terms of Mt. Gox’s rehabilitation plan, payments started being sent to certain creditors on the same day using Bitcoin and Bitcoin Cash (BCH) via designated cryptocurrency exchanges.
There was a transfer of 3,000 BTC (equivalent to around $172 million) from an anonymous wallet in Germany to many cryptocurrency exchanges within the same week. Amid the developments, Bitcoin price declined all the way to the $54,000 range.
Investments in Bitcoin investment products reached $398 million, accounting for over 90% of all inflows, according to the CoinShares report. While investors were interested in a variety of altcoins, <a href="https://thenewscrypto.com/solana-price-faces-severe-negative-momentum-despite-brief-rebound/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> has been the top-performing altcoin so far, with $16 million in inflows in the previous week and $57 million for the year. Furthermore, Inflows of $10 million were recorded by <a href="http://ethereum.org" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> (ETH).
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/messari-ceo-announces-abandoning-the-sec-until-reforms/" target="_blank" rel="noopener noreferrer nofollow">Messari CEO Announces Abandoning the SEC Until Reforms</a>

Digital Asset Investments Soar as Bitcoin Dominates Amid Price Dip

Съдържание

TheNewsCrypto

Други статии, публикувани на 8.07.2024 г.

Grayscale Announces Distribution Date for ‘Mini’ Ethereum ETF Shares

Germany Still Holds $2.2 Billion in Bitcoin: A Persistent Threat?

Over 8520 Miners Dispatched in BlockDAG’s Viral Presale, Steals Spotlight From Litecoin’s Appeal ...

Bitcoin (BTC) to Skyrocket 220%, According to 'Bullish Megaphone' Pattern

Cardano Price Analysis: Can ADA Rally to $1 After Downside?

Analysts Are Tipping This New Viral Altcoin As The Next Toncoin (TON); Set to Surpass AVAX and LE...

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!