⭐CASH FLOW REPORT
👉Money poured into cryptocurrencies reached a record of 2.7 billion USD in a week
👉According to the latest weekly report from CoinShares, the capital
Pouring into cryptocurrency investment funds reached a record of 2.7 billion USD this week
from March 2 to 8, 2024.
👉The total capital injected in the past 2 months is 10.3 billion USD, nearly equal to 10.6 billion USD for the whole year of 2021, the cryptocurrency boom period. Bitcoin play
the most important role with 2.6 billion USD, accounting for 14% of total assets under management (AUM) in the cryptocurrency sector since the beginning of the year.
👉Ethereum recorded a small exit of 2.1 million USD, while Solana recovered confidently with 24 million USD. By region, the US leads with 2.8 billion USD, followed by Switzerland (21 million USD) and Brazil (18 million USD). Germany, Canada and Sweden recorded a total capital outflow of 151 million USD.
👉The record capital injection coincided with Bitcoin hitting new historic highs of $70,000 on March 8 and $72,000 on March 11. As a result, Bitcoin surpassed silver to rank 8th in the market. list of assets by largest market capitalization, with a current capitalization of over $1.4 trillion
USD.
