The post Bitcoin Faces Outflows, While Cardano, Solana, and XRP See Institutional Inflows appeared first on Coinpedia Fintech News
Over the past week, various crypto investment funds, which include Bitcoin and Ethereum holdings, experienced a considerable outflow of funds, causing some concerns among investors. Surprisingly, Solana, Cardano, and XRP emerged with unexpected gains instead of losses.
Bitcoin and Ethereum’s Outflow Challenge
Bitcoin experienced a significant outflow of funds. Interestingly, approximately 85% of the capital that departed from crypto funds can be attributed to Bitcoin alone, totaling a staggering $45 million within just one week. This event unfolded concurrently with Bitcoin’s efforts to regain its lost value.
At the beginning of the week, Bitcoin’s value stood slightly above $25,000. However, as the week progressed, it climbed to surpass $26,000. Presently, in the current market, Bitcoin is being traded at $27,100—a remarkable in
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