The ecosystem takes a break this day after several increases. However, the reduction in rewards promises price increases and enthusiasm is perceived.
Cryptocurrencies experience a day of declines, with Bitcoin (BTC) losing 0.21% (US$52,248) after having touched US$51,300 and Ethereum erasing the initial decline and climbing nearly 1%, to US$ s2,937.
The outlook does not improve for ‘altcoins’, with notable losses between 2% and 3% in Avalanche (AVAX) and Chainlink (LINK), and moderate pullbacks in Cardano (ADA) and solana (SOL). As opposed, Tron (TRX) and Dogecoin (DOGE) advance moderately.
Bitcoin: optimism remains intact
Despite this downward trend, BTC spot exchange-traded funds (ETFs) continue to be the focus in the crypto asset sphere. These investment products have not only transformed market sentiment, but they have also promoted institutional interest in digital assets.
CoinShares estimates that of the $2.45 billion that came into investment products last week, $2.4 billion went into bitcoin funds.
The profits of Bitcoin They were consolidated with positive net inflows of more than US$2 billion last week. In contrast, GBTC (Grayscale Bitcoin Trust) outflows have decreased slightly, reaching US$624 million in the same period.
The iShares Bitcoin Trust (IBIT) led these net flows, with $1.6 billion in positive inflows, accumulating a total of $5.2 billion in net flows since its launch, according to Bloomberg analysts, highlights Samer Hasn, analyst of XS.com markets.
Source: Ambito
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