Ethereum

Cryptocurrency

Bitcoin

Rise

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-leads-gains-in-recent-crypto-market-correction/" data-wpel-link="internal">Ethereum Leads Gains in Recent Crypto Market Correction</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market’s recent correction creates new opportunities for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, with <a href="https://en.coin-turk.com/ethereum-gas-fees-hit-rock-bottom-what-does-it-mean-for-eth-price/" data-wpel-link="internal">Ethereum</a> emerging as the top gainer. CoinShares’ report reveals weekly inflows to crypto asset investment products reached $176 million, showing investors view price weakness as a buying opportunity.</p> 
<h2 style="text-align: justify" id="ethereum-s-rise-and-bitcoin-s-uncertainty">Ethereum’s Rise and Bitcoin’s Uncertainty</h2> 
<p style="text-align: justify">Last week, <strong>Ethereum</strong> benefited the most from the market correction. With $155 million in inflows, Ethereum’s total for the year reached $862 million. Spot-based ETFs launched in the US played a significant role in this rise, marking the highest inflow since 2021.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378915 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/kripto-1.png" alt="" width="847" height="555"></p> 
<p style="text-align: justify">Meanwhile, <strong>Bitcoin</strong> started the week with inflows but recorded strong inflows in recent days, reaching a net weekly total of $13 million. However, notable outflows in short-focused Bitcoin ETPs were observed. The $16 million outflow is the largest since May 2023, and short positions have dropped to their lowest level since the start of the year. This indicates that investors are moving away from short-term bearish expectations and regaining confidence in the <a>market</a>.</p> 
<h2 style="text-align: justify" id="global-market-s-trend-of-moving-together">Global Market’s Trend of Moving Together</h2> 
<p style="text-align: justify">Global investor interest in crypto assets showed a positive trend across all regions this week. Leading markets like the US, Switzerland, Brazil, and Canada recorded inflows of $89 million, $20 million, $19 million, and $12.6 million, respectively. The US, which had net outflows earlier this month, showed a positive trend in weekly <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378917 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/country.png" alt="" width="864" height="506"></p> 
<p style="text-align: justify">Total assets under management (AuM) in crypto asset investment products fell to $75 billion due to the market correction but rebounded to $85 billion this week. Trading volume in ETPs, popular among investors, reached $19 billion, surpassing the weekly average of $14 billion seen since the start of the year.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-leads-gains-in-recent-crypto-market-correction/" data-wpel-link="internal">Ethereum Leads Gains in Recent Crypto Market Correction</a></h5>
<p>The post <a href="https://en.coin-turk.com/ethereum-leads-gains-in-recent-crypto-market-correction/" data-wpel-link="internal">Ethereum Leads Gains in Recent Crypto Market Correction</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Ethereum Leads Gains in Recent Crypto Market Correction

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