Bitcoin and Altcoins Recover from Crash

Bitcoin (BTC) and altcoins are attempting to recover from the aftermath of Friday’s massive crash. The sharp declines have been followed by a market recovery, which is anticipated to continue.

Market Developments

Investors are closely monitoring these developments. CoinShares released its weekly cryptocurrency report, indicating that there were $3.17 billion in inflows last week.

> Cryptocurrency investment products saw $3.17 billion in inflows last week; despite price corrections related to US-China tariff tensions, year-to-date inflows have reached a record $48.7 billion.

Bitcoin Outperforms Ethereum and Altcoins

When examining individual crypto funds, it is evident that the majority of inflows favored Bitcoin.

Bitcoin experienced inflows of $2.67 billion, while Ethereum (ETH) saw inflows of $338 million.

For other altcoins:
– Solana (SOL): $93.3 million inflow
– XRP: $61.6 million inflow
– Sui (SUI): $2.3 million inflow
– Chainlink (LINK): $3.2 million inflow

Bitcoin’s inflows of $2.67 billion for the week have pushed year-to-date totals to a high of $30.2 billion, though it’s still below the $41.7 billion recorded in 2024.

Ethereum, while experiencing inflows of $338 million, faced outflows of $172 million on Friday, marking the highest outflow for any digital asset, indicating it may be viewed as the most vulnerable in this correction.

Despite the anticipated Solana and XRP US ETF launches, their inflows were modest at $93.3 million and $61.6 million, respectively.

Regional Fund Inflows and Outflows

By region, the USA led with an inflow of $3.01 billion. Following the USA:
– Switzerland: $132 million inflow
– Germany: $53.5 million inflow

In contrast, Sweden saw an outflow of $22 million and Hong Kong $9.1 million.

*This is not investment advice.