Coinbry

  • Market Cap: $2,482,418,431,211.98
  • 24h Vol: $143,665,640,892.62
  • BTC Dominance: 51.78%
Bitcoin maintains dominance with third consecutive week of fund inflows reversing previous months' outflows

Bitcoin maintains dominance with third consecutive week of fund inflows reversing previous months’ outflows

– Blockchain equities inflows reached a recent high of $15 million, doubling the previous week’s inflow.

– Bitcoin (BTC) continues to dominate the market, with 98% of the inflows coming into BTC.

– Total digital asset inflows for the past three weeks have fully corrected nine weeks of outflows, totaling $470 million.

– Trading volume has slowed down, which is typical for the seasonal effects of July and August.

– BTC inflows remain strong, with a two-week total of $256 million, extending Bitcoin’s market dominance to 51.66%.

– Some investors are becoming nervous due to the lack of a clear trend and ongoing regulatory uncertainty.

– The expectation of BTC spot exchange-traded funds and ongoing litigation against Binance and Coinbase contribute to the uncertainty.

– Overall, the positive inflow trend is offset by lower liquidity and investor apprehension.

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