Crypto Market Sees Record Capital Inflow, Driven by U.S. Investment

The cryptocurrency market witnessed an unprecedented influx of capital last week, reaching a total of $10.8 billion for the year. The surge was largely driven by US investors seeking safe haven assets amidst economic uncertainty, with nearly $3.2 billion flowing into investment products. Bitcoin dominated the inflow, securing $2.9 billion – representing 25% of the total – while Ethereum recorded positive momentum, gaining $326 million for its fifth consecutive week of growth and signaling increased investor confidence. Conversely, Ripple’s XRP experienced an outflow of $37.2 million, marking the end of its long-standing streak of continuous inflows, potentially driven by profit-taking in anticipation of pending spot ETF approvals.