The crypto market shows signs of resilience with $1.9 billion inflows in the past week, where Bitcoin and Ethereum emerged as leaders amid global instability.
Key Inflow Facts
According to CoinShares data, the total crypto inflows for the past week amounted to $1.9 billion. This marks the ninth consecutive week of positive market sentiment. Institutional investors played a significant role in this inflow, with Bitcoin attracting $1.3 billion and Ethereum $583 million.
Market and Geopolitics
The inflow of crypto assets is occurring against a backdrop of geopolitical instability, leading to heightened investor interest in safe-haven assets. The highest interest is observed in the US, EU, and Canada, while Hong Kong has recorded outflows of assets.
Outlook and Predictions
Analysts predict potential price increases for Bitcoin and Ethereum, estimating Bitcoin could reach $110,000. Demand from institutional and retail investors is expected to drive market expansion.
Current data confirms investor confidence in crypto assets, particularly Bitcoin and Ethereum, highlighting their role as reliable assets amid economic instability.
