Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Coinshares: US Events Attract $1,98 Billion to Digital Currencies

Coinshares: US Events Attract $1,98 Billion to Digital Currencies

HappyCoinNewsHappyCoinNews2024/11/12 11:44
By:HappyCoinNews

According to experts at Coinshares, $1,98 billion in capital entered the digital asset market in the week following the US elections. Overall, positive inflows have been recorded for the fifth week in a row.

Data from Coinshares shows that this development has pushed global digital asset assets under management to a record $116 billion, highlighting growing investor confidence in digital currencies.

The bulk of the inflows came from the US — $1,95 billion, while the figures in Europe are much more modest — Switzerland and Germany recorded inflows of $23 million and $20 million, respectively. Coinshares analysts emphasized that Bitcoin (BTC) has absorbed the main amount of $1,8 billion, which explains the setting of one price record after another.

Coinshares believes that this week’s events will see digital assets continue to gain traction among investors around the world. With US political dynamics influencing market sentiment, financial markets will shift their focus to cryptocurrency.

Analysts note that the steady growth of Bitcoin, Ethereum and other digital assets points to a positive end to 2024 in terms of prices.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Tether Theory: The Architecture of Monetary Sovereignty and Private Dollarization

A privately-owned company based in the British Virgin Islands, with a very small number of employees, has built a monetary system on a scale comparable to that of a central bank, with profitability even surpassing that of central banks.

Block unicorn2025/12/05 17:13
Tether Theory: The Architecture of Monetary Sovereignty and Private Dollarization

Enemies reconciled? CZ and former employees jointly launch prediction platform predict.fun

Dingaling, who was previously criticized by CZ due to the failure of boop.fun and the "insider trading" controversy, has now reconciled with CZ to jointly launch a new prediction platform, predict.fun.

Chaincatcher2025/12/05 16:40
Enemies reconciled? CZ and former employees jointly launch prediction platform predict.fun
© 2025 Bitget