CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
US Elections Are Over, Trump Won! Institutional Investors Bought $2 Billion in Bitcoin (BTC) and Altcoins! Which Altcoin Did They Buy the Mo...
Table of Contents
Market Musing-g

US Elections Are Over, Trump Won! Institutional Investors Bought $2 Billion in Bitcoin (BTC) and Altcoins! Which Altcoin Did They Buy the Mo...

Bitcoin Sistemi EN
By Bitcoin Sistemi EN
Created 2 months ago, last updated 2 months ago
2 mins read
US Elections Are Over, Trump Won! Institutional Investors Bought $2 Billion in Bitcoin (BTC) and Altcoins! Which Altcoin Did They Buy the Mo...

Bitcoin (BTC) is racing from record to record after US presidential candidate Donald Trump was re-elected as the 47th president.

At this point, as the price rose above $82,000, CoinShares released its weekly cryptocurrency report and said that there was an inflow of $1.98 billion last week.

“While $1.98 billion inflows into cryptocurrency investment products occurred following the US elections, price movements took global asset management to a new peak of $116 billion.”

Bitcoin in Focus Again, Altcoins Had a Positive Week!

When looking at crypto funds individually, it was seen that the fund inflows were in Bitcoin.

While BTC experienced an inflow of $1.79 billion, Ethereum (ETH) experienced an inflow of $157 million.

There was also an outflow of $2.7 million in the Bitcoin Short fund, which was indexed to the fall of BTC.

When we look at other altcoins, Solana (SOL) experienced an inflow of $3.9 million, XRP $0.5 million, Litecoin (LTC) $0.2 million, and Uniswap (UNI) $1 million.

“Bitcoin saw $1.8 billion inflows last week, with $9 billion inflows since the Fed cut interest rates for the first time this cycle in September.

The combination of a supportive macro environment and seismic shifts in the US political system is the likely reason for such supportive investor sentiment.

Ethereum, which has been in decline for a while, has recovered and experienced an inflow of $157 million last week.

This was the largest inflow since the ETFs were launched in July this year, indicating that confidence in ETH has improved significantly.

Many altcoins also saw inflows, notably Solana ($3.9 million), Uniswap ($1 million), and Tron ($0.5 million).”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 1.95 billion dollars.

Switzerland came in second after the United States with $23.2 million, and Germany came in third with $20.1 million.

Against these inflows, Sweden experienced an outflow of $25.7 million, while Canada experienced an outflow of $1.7 million.

*This is not investment advice.

Continue Reading: US Elections Are Over, Trump Won! Institutional Investors Bought $2 Billion in Bitcoin (BTC) and Altcoins! Which Altcoin Did They Buy the Most?

0 likes
|

Other articles published on Nov 11, 2024

Market Musing-g

MicroStrategy (MSTR) Reaches New Record High After 24 Years as Bitcoin (BTC) Hits $87K

MicroStrategy (MSTR) and Bitcoin (BTC) have both hit record highs
By U_Today
2 months ago
2 mins read
DeFi

Phoenix Group's Top Gainers Showcase Impressive Gains in Crypto Market

BitsCrunch ($BCUT) led with a 200.4% rise, followed by gains in Status ($SNT) and 5IRE ($5IRE). Smaller tokens like MOCA and Pixelverse ($PIXFI) also surged.
By BlockchainReporter
2 months ago
2 mins read
Market Musing-g

DeFi Surges to $100 Billion TVL: Is Growth Leading to Centralized Risks?

DeFi has now crossed $100 billion in terms of the total value locked, or TVL. This is a significant milestone – at least within the industry because it can be claimed that six major DeFi platforms ...
By DT News
2 months ago
4 mins read
Market Musing-g

Michael van de Poppe Predicts Bitcoin’s Return to Bull Market

Michael van de Poppe believes Bitcoin's bull market has returned. He warns of potential economic crises impacting Bitcoin's value. Continue Reading:Michael van de Poppe Predicts Bitcoin’s Return to...
By COINTURK NEWS
2 months ago
3 mins read
Market Musing-g

El Salvador Bitcoin Investment Reached Over $125M in Profits

El Salvador Bitcoin investment has reached over $125 million in profits, driven by Bitcoin’s surge to a record $84,000, marking a 91% return on investment. Read original article on coincu.com
By Coincu
2 months ago
3 mins read
Market Musing-g

Trump’s Win Boosts Bitcoin Prices Dramatically

Recent developments following Trump’s unexpected election victory have sent Bitcoin prices soaring. Contrary to predictions that favored Kamala Harris, Bitcoin (BTC) has surged to record levels, ig...
By BH NEWS
2 months ago
2 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!