Crypto funds have recorded the second-largest inflow of $3.7 billion, indicating strong bullish sentiment among investors. Interest in Bitcoin and Ethereum continues to grow.
Impact on the Crypto Market
According to CoinShares, crypto funds saw $3.27 billion in inflows, marking the 13th consecutive week of inflows. Total assets under management reached a record high of $211 billion. Of this, Bitcoin saw $2.7 billion in inflows, indicating significant investor interest even as its price hit new all-time highs. Support from Bitcoin ETF inflows and companies expanding their Bitcoin treasuries boosted the bullish sentiment.
Bullish Predictions from Experts
Notable figures such as Binance founder Changpeng Zhao, Ark Invest CEO Cathie Wood, and Rich Dad Poor Dad author Robert Kiyosaki expressed confidence in further price increases. Robert Kiyosaki suggested that Bitcoin's price could continue to rally. Cathie Wood predicted Bitcoin could reach $3.8 million by 2030 driven by institutional and corporate adoption.
Current Bitcoin Performance
As of writing, Bitcoin's price increased by 4%, trading at $121,823. In the past 24 hours, trading volume surged by 164%, indicating heightened interest among traders. CoinGlass data showed that Bitcoin and Ethereum futures open interest hit new all-time highs.
Thus, the current achievements in the crypto market, supported by influential figures and increasing funds, create optimistic projections for the future of cryptocurrencies.
