{"id":7499,"date":"2025-01-14T05:34:07","date_gmt":"2025-01-14T05:34:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7499"},"modified":"2025-01-14T05:34:07","modified_gmt":"2025-01-14T05:34:07","slug":"bitcoin-tops-crypto-inflows-again-but-ethereum-faces-major-setback-heres-what-happened","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7499","title":{"rendered":"Bitcoin Tops Crypto Inflows Again, But Ethereum Faces Major Setback\u2014Here\u2019s What Happened"},"content":{"rendered":"
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The latest weekly report<\/a> from CoinShares, a prominent European digital asset investment firm, reveals notable shifts in crypto asset fund flows. The report highlights inflows of $48 million into digital asset investment products during the past week.<\/p>\n

However, the overall picture appears to be more complex, reflecting the impact of macroeconomic factors and investor sentiment on fund flows.<\/p>\n

James Butterfill, Head of Research at CoinShares, noted that while nearly $1 billion flowed into digital asset products during the first half of the week, the release of new macroeconomic data<\/a> and the US Federal Reserve\u2019s minutes led to significant outflows of $940 million in the \u201clatter half.\u201d<\/p>\n

Butterfill wrote:<\/p>\n

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The release of new macroeconomic data and the US Federal Reserve\u2019s minutes \u2014 which pointed to a stronger US economy and a more hawkish Fed \u2014 led to outflows of US$940 million in the latter half. This suggests that the post-US election honeymoon is over, and macroeconomic data is once again a key driver of asset prices.<\/p>\n<\/blockquote>\n

Bitcoin Leads Inflows While Ethereum Faces Outflows<\/h2>\n

According to the CoinShares report, Bitcoin maintained its dominance in fund inflows last week, attracting $214 million. Despite being subject to outflows later in the period, Bitcoin remains the \u201cbest-performing asset<\/a>\u201d year-to-date, with cumulative inflows of $799 million.<\/p>\n

This performance highlights its continued appeal to investors seeking exposure to digital assets<\/a> amid broader market fluctuations. In contrast, Ethereum faced significant pressure, recording outflows of $256 million.<\/p>\n

Butterfill attributed this trend to a broader sell-off in the technology sector rather than any specific issues with the Ethereum network itself. Meanwhile, Solana stood out as a positive exception, attracting inflows of $15 million, suggesting resilience in certain altcoin sectors even amidst challenging market conditions.<\/p>\n

Overall, altcoins exhibited mixed but generally positive trends despite underwhelming price performances. Aave, Stellar, and Polkadot saw inflows of $2.9 million, $2.7 million, and $1.6 million, respectively, indicating sustained investor interest in these projects.<\/p>\n

\"Global<\/p>\n

This trend reflects a growing diversification in investment strategies as altcoins continue to attract niche markets and developers. XRP recorded inflows of $41 million, with Butterfill linking this activity to ongoing political and legal developments<\/a>. The Head of Research at CoinShares noted:<\/p>\n

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XRP saw substantial inflows of US$41m last week and remains primarily driven by political and legal factors, with inflows suggest heightened optimism ahead of the 15th January SEC appeal deadline.<\/p>\n<\/blockquote>\n

Global Crypto Market Outlook<\/h2>\n

The global crypto market has faced notable bearish sentiment over the past week, shedding nearly $400 million from its total market capitalization<\/a>. Particularly, the valuation has dropped from $3.662 trillion last Monday to $3.283 trillion as of today.<\/p>\n

This significant plunge in market capitalization can be mainly attributed to the continues bearishness in Bitcoin. At the time of writing, Bitcoin has now dropped below $91,000 bringing its price to trade at a price of $90,704 marking a 3.9% decrease in the past day.<\/p>\n

\"The<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The latest weekly report from CoinShares, a prominent European digital asset investment firm, reveals notable shifts in crypto asset fund flows. The report highlights inflows of $48 million into digital asset investment products during the past week. However, the overall picture appears to be more complex, reflecting the impact of macroeconomic factors and investor sentiment […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7499","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7499"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7499\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}