The new week has started positively for Bitcoin and altcoins. Bitcoin has crossed the $123,000 mark for the first time in history, marking a new record.
Bitcoin and Altcoin Growth
Bitcoin reached a milestone by surpassing $123,000. This upward trend reflects a positive sentiment in the cryptocurrency market. Altcoins are also showing positive results, especially Ethereum and Solana.
Investment Inflows in Cryptocurrencies
According to CoinShares, weekly inflows into cryptocurrency products amounted to $3.7 billion, marking the second-highest level on record. Specifically, Bitcoin attracted $2.73 billion, while Ethereum reported $990 million.
Quote: "Bitcoin saw $2.7 billion in weekly inflows, bringing its total asset value to $179.5 billion. This equates to 54% of the total asset value held in gold ETPs for the first time." - CITE_NA
Regional Investment Flows
Among regions, the USA led with inflows of $3.78 billion. Switzerland and Canada also saw positive results with inflows of $65.8 million and $17.1 million respectively. Conversely, Germany and Sweden experienced outflows of $85.7 million and $15.7 million.
Overall, the week has started strong for Bitcoin and altcoins, highlighted by significant investment flows and records. These trends may indicate a growing interest in cryptocurrencies.
