Cumulative Bitcoin ETF inflows crossed $17 billion on Friday.
Crypto markets gave again a few of their weekend positive aspects on Monday morning as buyers mulled over the impression of U.S. President Joe Biden dropping his reelection bid.
Bitcoin dipped 0.5% to $66,900, whereas Ether fell 2% to $3,450. In the meantime, Solana continued its latest outperformance with a 3% rally within the final 24 hours, briefly buying and selling as excessive as $184. SOL is up 17% previously week, in comparison with 7% for BTC and three% for ETH.
Spot Bitcoin ETFs pulled in practically $1.2 billion final week – the very best weekly inflows since early June – forward of this week’s Bitcoin 2024 convention in Nashville, the place Republican presidential candidate Donald Trump is anticipated to make an look.
In response to a report from CoinShares, Ethereum funding merchandise attracted $45 million of inflows final week, overtaking Solana for the altcoin with essentially the most inflows year-to-date. Spot Ethereum ETFs are extensively anticipated to begin buying and selling tomorrow.
Among the many prime 100 digital belongings by market capitalization, modular blockchain Celestia (TIA) and Solana-based memecoin Dogwifhat (WIF) are the day’s prime gainers, rallying 11% and seven%, respectively.
Roughly 80% of the highest 100 tokens are down on the day, with Popcat, Arweave (AR), Bitcoin (NOT) and Bittensor (TAO) slipping 5% or extra.
