Bitcoin Price Surges and Investor Interest Increases - Latest cryptocurrency news

Bitcoin Price Surges and Investor Interest Increases

Bitcoin price has shown a faster-than-expected rise, reaching $42,154 and satisfying investors. CoinShares publishes weekly reports to understand the extent of institutional interest and current market sensitivity, reflecting the interest of institutions and accredited investors in cryptocurrency funds.

Last week, there was a $176 million influx into crypto investment products, bringing the total inflow in the past ten weeks to $1.76 billion. Canada, Germany, and the US stood out with significant inflows, while Hong Kong experienced minor setbacks. BTC received the largest share with a $133 million inflow, while ETH saw an impressive $31 million influx.

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The total size of funds reached $46.2 billion, a 107% increase, which is below the record level of $86.6 billion in 2021. However, the data obtained today is promising in terms of progress.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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