$1.9 Billion Floods Into Crypto: Is the Game Changing This August?
Key Notes
- Ethereum leads with one of its strongest weeks in history.
- Bitcoin sees slight outflows amid past week’s price slowness.
- Analysts hint at a potential market peak forming by mid-September.
The cryptocurrency exchange-traded products (ETPs) market attracted $1.9 billion in inflows last week, marking the 15th consecutive week of gains.
This has pushed July’s month-to-date inflows to a record $11.2 billion, comfortably outpacing the $7.6 billion during December’s post-election surge.
As per a Monday report by CoinShares, Ethereum
ETH
$3 865
24h volatility:
1.1%
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