Sixth Week Of Cryto Inflows Total Over $261M, 2023 Officially Eclipses All Of 2022
Portfolio Pulse from Murtuza Merchant
Digital asset investment products have recorded a sixth consecutive week of inflows, amassing a total of $767 million, surpassing the entire inflow of $736 million observed in 2022. Bitcoin captured the majority of these inflows, with $229 million. Ethereum, after facing a tough year with outflows totaling $107 million, has witnessed its largest inflow since August 2022, with $17.5 million. Altcoins such as Solana, Chainlink, Polygon, and Cardano also experienced inflows.
November 06, 2023 | 11:43 pm
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POSITIVE IMPACT
Cardano experienced an inflow of $500,000.
The inflow into Cardano suggests increased investor interest, which could potentially drive its price up in the short term.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 30
POSITIVE IMPACT
Bitcoin captured the majority of the inflows with $229 million.
The significant inflow into Bitcoin indicates strong investor interest, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum has witnessed its largest inflow since August 2022, with $17.5 million.
The resurgence in investor interest in Ethereum could signal a shift in market sentiment, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Chainlink experienced an inflow of $2 million.
The inflow into Chainlink suggests increased investor interest, which could potentially drive its price up in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Polygon experienced an inflow of $800,000.
The inflow into Polygon suggests increased investor interest, which could potentially drive its price up in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 40
POSITIVE IMPACT
Solana experienced an inflow of $11 million.
The inflow into Solana suggests increased investor interest, which could potentially drive its price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60