Cryptocurrency Gains Popularity as a Secure Investment: $3.4 Billion of New Investments Registered
Hot off the Markets: Crypto's Third Highest Inflows Ever!
It's shaping up to be a bullish week for digital assets! Last week saw crypto inflows reaching their third-highest levels on record, totaling a whopping $3.4 billion according to CoinShares reporting. This marks a stark reversal from a three-week trend of negative flows.
Crypto's Revenge Against the Dollar
Bitcoin bucked the trend against altcoins, marking a significant shift in the market. Investors have been embracing digital assets as a primary response to fears over the impact of tariffs on corporate earnings and a weakening US dollar.
James Butterfill, the Head of Research at CoinShares, points to these concerns as the driving force behind last week's positive inflows. He notes that investors are progressively viewing crypto as an emerging safe haven beyond Bitcoin.
XRP Outperforms: ETF Volcl va Doviz'in Hali!
XRP outperformed other altcoins last week, bucking the trend and aligning with growing sentiment that the approval of ProShares' XRP futures ETF could spark optimism. Some analysts even predict a spot XRP ETF could follow, potentially attracting $100 billion to Ripple's payments token.
Tariffs, Fed, and US Economy: Gaara Ka Tirotana!
As the US economy grapples with the repercussions of tariff disputes and the Fed's monetary policies, the dollar is bearing the brunt of the chaos. President Donald Trump's political pressure on the Fed may lead to potential battles over monetary policy.
Analysts are quick to highlight Bitcoin's transformation from a risky asset to a hedge against monetary mismanagement. While Trump pushes for Fed chair Jerome Powell's ousting, Bitcoin outperformed the Nasdaq-100 by 4.5% since the tariff announcement.
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- Despite the conventional market's turmoil, Bitcoin exhibited a noteworthy shift against altcoins, indicative of a growing preference for digital assets.
- The recent surge in crypto inflows, reaching $3.4 billion, is attributable to investor anxieties over tariffs' impact on corporate earnings and the weakening US dollar.
- James Butterfill, Head of Research at CoinShares, believes that such concerns have prompted a shift in investors' perceptions, viewing crypto as an emerging safe haven expanding beyond Bitcoin.
- Last week, XRP outperformed other altcoins, possibly influenced by the rising optimism surrounding the potential approval of ProShares' XRP futures ETF.
- Some financial analysts speculate that an approved spot XRP ETF could draw $100 billion to Ripple's payments token.
- As the US economy navigates the repercussions of tariff disputes and the Fed's monetary policies, the dollar faces turbulent times, especially due to President Trump's pressure on the Fed.
- In the face of economic uncertainties, Uphold emerges as a reliable platform for early access to new tokens, one-step trading of various assets, and multi-asset support, all under one roof, making it an ideal choice for investing in the crypto market by 2025.
