🇺🇸 The political trend in the United States has driven the Bitcoin craze, and the capital inflow soared to US$920 million in a single week! 🚀
The Bitcoin market saw a significant wave of capital inflows last week, totaling $920 million, mainly due to changes in the political winds in the United States, especially the increase in support for the Republican Party.
According to data from Coinshares' Digital Asset Fund Flow Weekly Report, digital asset investment inflows last week reached a staggering US$901 million, accounting for 12% of assets under management, making it the fourth largest month on record.
Currently, digital asset inflows so far this year have exceeded $27 billion, almost three times the $10.5 billion inflow in 2021! Among them, BTC ranks first, with capital inflows reaching US$920 million last week; Solana has also become the second most popular choice among investors, with weekly inflows of US$10.8 million. Multi-asset products have also found favor with investors, also seeing $2.2 million in inflows last week.
While market sentiment is generally positive, ETH is less optimistic, with the largest outflow last week at $34.4 million. Cardano also had an outflow of $100,000.
Globally, the United States led the way with capital inflows of $906 million, followed by Germany and Switzerland with $14.7 million and $9.2 million respectively. Australian inflows were relatively small at just $300,000.
Meanwhile, Trump’s friendly stance on digital assets has won widespread support from the crypto community as the November election approaches. On Polymarket, Trump’s lead exceeded 66.3%, and mysterious investors injected $2 million in USDC into his bets, bringing the total holdings to $7.22 million.
💬 Finally, do you think the political changes in the United States have a big impact on the Bitcoin market? Will Trump’s rising approval rating bring more benefits to the cryptocurrency market? Welcome to leave your opinions in the comment area!
