Crypto Investors Turning to Altcoins. 💬📍

The crypto market has attracted $450 million in investments over the past week, while Bitcoin's dominance is waning. Investors are shifting towards altcoins, seen as alternatives to Bitcoin.

According to data from CoinShares, Europe's leading digital investment firm, Bitcoin funds make up the majority of investments with $400 million. However, interest in altcoins is also notable. Solana funds received $16 million, making it the most invested altcoin. Despite experiencing net outflows since the beginning of the year, Ethereum funds still garnered attention with $10 million in investments. Other altcoins such as Litecoin, XRP, Polkadot, and Cardano are also on investors' radar.

The decline in Bitcoin prices has spurred interest in "short Bitcoin" funds, which aim to profit from falling Bitcoin prices. Regionally, the US and Hong Kong stand out as the most active areas for crypto investments.

These developments indicate a rise in altcoin interest within the crypto market and a trend towards portfolio diversification among investors.

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