Bitcoin Soars as $3.55 Billion Inflows Fuel Record-Breaking Week

Last week witnessed a significant surge in Bitcoin inflows, reaching a record $3.55 billion despite the asset nearing historic highs. Investors opted to avoid short products and instead fueled this bullish trend across the digital asset market, with investment flows totaling $5.95 billion – the highest ever recorded. CoinShares attributes this rally to both delayed responses to the FOMC’s interest rate reduction and uncertainty surrounding US government stability due to the ongoing shutdown.