Crypto:
30253
Bitcoin:
$66.084
% 0.04
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.084
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

Bitcoin Exodus, Flow to Ethereum and Other Altcoins!

Bitcoin

According to Coinshares’ weekly cryptocurrency report, investors are moving away from Bitcoin and towards Ethereum and other altcoins. There was a net outflow of $251 million from Bitcoin and cryptocurrency investment products last week. This marks the fourth consecutive week of outflows.

Bitcoin Alone in Outflows!

The majority of fund outflows were in Bitcoin. BTC was the only cryptocurrency to experience outflows of $284 million, while Ethereum (ETH), the largest altcoin, broke its 7-week outflow streak with inflows of $30 million.

Avalanche, Litecoin, Polkadot and Solana Also Gained Interest

Other altcoins that saw inflows were Avalanche (AVAX) with $0.5 million, Litecoin (LTC) with $0.1 million, Polkadot (DOT) with $0.3 million, and Solana (SOL) with $0.3 million.

Outflows from the US, Inflows from Hong Kong and Brazil

Looking at regional fund flows, the US was at the top with outflows of $504 million, while Sweden was second with $30.3 million. Hong Kong, on the other hand, stood out with inflows of $306.5 million and Brazil with $3.7 million.

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