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Cryptocurrency investment products experienced record inflows of $3.85 billion last week, bringing year-to-date totals to $41 billion and total assets under management to over $165 billion. Bitcoin led with $2.5 billion, while Ethereum saw its largest inflow ever at $1.2 billion, driven by institutional adoption. XRP also gained traction with $134.3 million in inflows amid ETF optimism, as the overall market trend remains bullish despite some pullbacks.
A crypto hedge fund manager predicts prolonged "buy the dip" opportunities in the market following a significant drop in prices. Traders are increasingly adopting a short-term profit-taking strategy, with a recent 5.41% decline in total market capitalization. Analysts suggest that if retail traders react with fear, it could lead to a swift recovery in several altcoins.
Wall Street is experiencing a surge in complex structured finance transactions, reaching $380 billion this year, the highest since 2007. This boom, driven by investors' demand for high returns, includes deals linked to unconventional assets like restaurant revenues and music catalogues. Despite concerns over risk assessment, the market remains robust, with a notable increase in appetite for both risky and senior tranches of structured products.
eToro, BYDFI, and Gemini are three prominent crypto trading platforms, each catering to different user needs. eToro excels in social trading with its CopyTrader feature, BYDFI offers a comprehensive trading solution with high leverage options, and Gemini prioritizes security and user-friendliness. All three platforms support fiat currency deposits, making them accessible for various traders.
Bitcoin experienced another flash crash, leading to $1.52 billion in liquidations across the crypto market, with over $759 million occurring in just one hour. Long positions were predominantly affected, totaling $1.39 billion, while Ethereum and Dogecoin also faced significant losses. Despite the turmoil, the crypto Fear and Greed Index remains in Extreme Greed territory at 78.
Bitcoin's price plummeted by $6,000 in a matter of hours, dropping below the $100,000 mark and reaching a low of $94,300 before recovering slightly to around $97,000. This volatility led to over $1.4 billion in liquidations, affecting more than 500,000 traders, with significant losses also seen in altcoins. The total crypto market cap fell from $3.750 trillion to under $3.5 trillion before partially recovering to $3.610 trillion.
Goldman Sachs forecasts that certain stocks will deliver returns four times greater than the average, while also presenting lower risk. This prediction highlights a potential opportunity for investors seeking high returns with minimized exposure.
As global interest rates decline, many are turning to crypto interest-earning platforms to generate passive income. Top options in the USA include Coinbase, Nexo, Crypto.com, CoinRabbit, and Binance, each offering unique features and competitive interest rates on various cryptocurrencies and stablecoins. These platforms allow users to lend their digital assets and earn interest, making them an attractive alternative to traditional banking.
Institutional investors have set a new record with $3.85 billion in weekly inflows into crypto investment products, bringing total yearly inflows to $41 billion. The US led with $3.6 billion, while Bitcoin attracted $2.5 billion and Ethereum reached $1.2 billion in inflows. In contrast, Solana experienced $14 million in outflows.
Levered China ETFs have generated a net paper gain of $138 million, reflecting bullish investor sentiment. This surge highlights the growing confidence in China's market prospects amid ongoing economic developments.
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