Here’s what happened in crypto today
In the latest crypto news, funds saw nearly $2.5 billion in inflows last week despite declines in Bitcoin and Ether prices. This surge followed a week of significant outflows, indicating renewed investor interest in digital asset funds. Exchange-traded products led this rally, attracting $2.48 billion. Although these inflows occurred, Bitcoin's price fell below $108,000 from a peak of $113,000, and Ether dropped below $4,300 after starting the week above $4,600, showcasing a disconnect between investment influx and market performance. Additionally, open interest for the World Liberty Financial token reached nearly $950 million ahead of a partial token unlock, reflecting robust trading interest. Market analyst Jordi Visser suggested that advancements in AI would accelerate the innovation cycle, driving investors towards Bitcoin as a safer investment amid rapidly evolving market conditions. Visser argued that traditional companies may struggle to remain profitable in this new landscape, positioning Bitcoin as a durable alternative.
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