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Yesterday, the global cryptocurrency market recorded significant inflows totaling approximately $1.84 billion. Investors have increased their investment in digital assets due to fear of missing out (FOMO). This phenomenon is particularly evident among Bitcoin and other major cryptocurrency ETFs.
In particular, the Bitcoin ETF saw a single-day inflow of US$237 million, causing the price of Bitcoin to rise by 7% to US$71,000. In the last week alone, total inflows into U.S. Bitcoin ETFs reached $932 million, demonstrating the strong interest in Bitcoin from institutional investors.
While the market as a whole has shown strong inflows, other cryptoassets such as Ethereum have seen some outflows, mainly affected by regulatory uncertainty in the United States.
Overall, the current inflows indicate that investor confidence in the cryptocurrency market remains strong, and it is expected that this trend may continue for some time to come.
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