Last week, investment in digital asset products reached $527 million. However, the DeepSeek news led to significant outflows, but the market quickly rebounded with over $1 billion in inflows.
General Trends in the Cryptocurrency Market
The beginning of the week saw outflows of $530 million, but by the end of the week, inflows reached $1 billion. CoinShares noted that $44 billion has already been recorded in inflows in 2024, making the current sell-off unsurprising.
XRP — Leading Altcoin
XRP emerged as one of the top-performing altcoins with year-to-date inflows of $105 million, including $15 million last week. Other altcoins like Solana and Chainlink also showed positive results.
Regional Results: USA and Europe
The US led with $474 million in investments for the week. Significant inflows were also observed in Europe, including $58 million in Switzerland. However, Canada experienced an outflow of $43 million, possibly due to concerns about US trade tariffs.
The cryptocurrency market continues to show dynamic inflows and outflows, reflecting changing investor sentiment and the influence of global news on decision-making.
