Bitcoin Dominates with $137M Inflows, Ethereum Sees Outflows

Bitcoin Dominates Market with $137M Inflows, Ethereum Sees Outflows

In the latest developments, Bitcoin continues to dominate the cryptocurrency market as it witnessed positive movement in digital asset inflows for the fourth consecutive week, with a significant $137 million influx. This marks the largest inflow run since the fourth quarter of 2021, effectively correcting the nine weeks' worth of outflows prior to this streak. The recent legal decision in the SEC v. Ripple lawsuit provided a partial victory for the crypto community, leading to increased positive sentiment and market activity. Despite this, Ethereum faced outflows of $2 million, maintaining its position as the asset with the highest total outflows year-to-date. The United States and Canada emerged as the primary hosts for digital asset activity, with Switzerland also showing noteworthy inflows of $3.3 million.