Franklin

Solana

Bitcoin

Avalanche

<div class="insidebitcoins">
 <p>Bitcoin investment products recorded their first outflows in 12 weeks last week as Solana stole the show with $10.6 million of inflows.</p>
 <p>Outflows from crypto investment products altogether hit $15.8 million as Bitcoin products lost $32.8 million, CoinShares reported. Solana was the star performer, followed by Cardano with $3 million in inflows and (XRP) with $2.7 million.</p>
 <h2 id="bitcoin-outflows-partially-offset-by-altcoin-inflows">Bitcoin Outflows Partially Offset By Altcoin Inflows</h2>
 <p>Altcoins bucked the downtrend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink.</p>
 <p>Ethereum (ETH) products though were the other big loser with $4.3 million of outflows while Avalanche (AVAX) products saw a $1 million outflow.</p>
 <p>Despite the outflows, trading activity remained a strong $3.6 billion, well above the average of $1.6 billion per week for the year.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">Bitcoin sees $33 million in outflows after 11-week streak of inflows to crypto funds ends https://t.co/1TejyWRW5C</p>
  <p>— The Block (@TheBlock__) December 18, 2023</p>
 </blockquote>
 <p></p>
 <p>CoinShares said the shift was triggered more by profit taking than a shift in sentiment.</p>
 <p>The US and German markets drove the net outflows with $18.3 million and $9.7 million, respectively. Switzerland and Canada saw the strongest inflows, with $9.1 million and $6.9 million, respectively.</p>
 <h3 id="strong-also-read-strong"><strong>Also Read:</strong></h3>
 <ul>
  <li>Bitcoin Will Be Held By Every National Treasury As It Becomes ”Foundational Part” Of Banking Ecosystem, Franklin Templeton Says</li>
  <li>Ethereum Price Prediction: Bloomberg Analyst Says ETH ETFs ”Likely” By End May, But Is This Telegram Casino Presale The Best Crypto To Buy Now?</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-ends-11-weak-inflow-streak-with-33-million-outflow-on-profit-taking-as-solana-steals-the-show-tbt74081.html">https://thebittimes.com/bitcoin-ends-11-weak-inflow-streak-with-33-million-outflow-on-profit-taking-as-solana-steals-the-show-tbt74081.html</a></p>
</div>

Bitcoin Ends 11-Weak Inflow Streak With $33 Million Outflow On Profit Taking As Solana Steals The Show

Inhoudsopgave

TheBitTimes

Andere artikelen gepubliceerd op 18 dec 2023

HNT Surges 19%, Price Cooldown Expected

The Bitcoin (BTC) Price Rally Stalls After Eight Consecutive Bullish Weeks – Correction Due?

Expert suggest this Bitcoin rally could have saved FTX, Celsius and more

A Year After ChatGPT – Navigating the Murky Waters of AI and OpenAI’s Drama

Analysts name cross-chain Darkhorse Synapse (SYN) and Pullix (PLX) as Binance Coin (BNB) competitors

Ellipse Partners with Racecourse Media Group to Enhance Horse Racing Experience with AI Data Feeds

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!