Bitcoin Sees Outflows as Solana, Cardano, XRP Steal the Spotlight
Coinpedia
19 Sep 2023 9:59 AM
Over the past week, there has been a significant outflow of funds from various crypto investment funds, including those holding Bitcoin and Ethereum. This...
- There has been a significant outflow of funds from various crypto investment funds, including Bitcoin and Ethereum.
- Bitcoin has seen the biggest outflow, with $45 million leaving in one week.
- Ethereum has also experienced outflows, losing $4.8 million in the past week.
- Solana, Cardano, and XRP have bucked the trend and attracted new investments.
- Solana has attracted $700,000 in new funding, followed by Cardano with $400,000 and XRP with $100,000.
- Solana's trading volume has surged by 42% in the past week.
The article highlights both positive and negative aspects of the cryptocurrency market. The outflows from crypto funds are seen as a concern, but the gains experienced by Solana, Cardano, and XRP provide some positive news.