Crypto Inflows Surge to Record $10.8 Billion Amidst Market Uncertainty

The crypto market is witnessing a period of significant growth, with total inflows reaching a record high of $10.8 billion this year. This surge is fueled by both institutional investment and the growing uncertainty surrounding the macroeconomic landscape, as evidenced by rising U.S. Treasury yields and recent credit rating downgrades. 🤯 Last week saw a particularly strong inflow of $3.3 billion, marking the sixth consecutive week of positive inflows. The top performing asset was Bitcoin, which attracted over $2.9 billion in inflows, representing a notable 25% share of all inflows this year.