Cardano, on the other hand, saw inflows of $0.7 million. This situation contrasts with the weakness seen in the broad altcoin market in the previous week, when Cardano received no inflows.
Compared to Cardano's inflows, #bitcoin saw significant outflows of US$621 million. The $621 million outflow of funds from #BTC could indicate a change in investor sentiment and a possible reallocation of funds in the #cryptocurrency market.
As #Cardano returns, attracting an influx of funds, its price movements and market dynamics will come under scrutiny, and the Cardano community looks forward to future updates and improvements that may further expand the capabilities and appeal of the Cardano network. Later this year, Cardano will undergo one of its most historic updates, the hard fork of Chan.
At the time of writing, the #ADA exchange rate has fallen 2.38% to $0.404 in the last 24 hours as the cryptocurrency market is under selling pressure. In the coming days, broader market trends and investor sentiment towards cryptocurrencies could also play an important role in shaping Cardano's price trajectory.
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