The cryptocurrency market saw a 4.35% decline in total market value, dropping to 3.74 trillion over the past week. Despite this downturn, Bitcoin (BTC) and Ethereum (ETH) ETFs experienced notable inflows. BTC ETFs recorded a net inflow of $440 million, with BTC trading between $107,000 and $113,000, maintaining a market share of 57.3% despite a 13% drop from its August peak.
Ethereum outperformed Bitcoin in ETF inflows, attracting $1.08 billion, although its market share fell to 14.2% following an 11% decline from its August high. Among other cryptocurrencies, PYTH and CRO posted significant gains of 42.81% and 76.23%, respectively, while Solana led L1 blockchain performance with a 12.9% increase. Upcoming token unlocks for Sui, Ethena, and Immutable are anticipated, highlighting the speculative nature and risks associated with cryptocurrency investments.
Crypto Market Declines 4.35% Amid Strong BTC and ETH ETF Inflows
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