The latest weekly report from Gate Ventures highlights continued volatility in the crypto market, with Bitcoin and Ethereum prices dropping by 2.7% and 3.4%, respectively. The market saw net outflows from BTC and ETH spot ETFs totaling $296 million and $207 million, reversing previous inflow trends. Overall market capitalization slightly decreased, and sentiment remained in the 'extreme fear' zone.
Institutional and infrastructure dynamics are evolving, with traditional finance increasingly integrating with digital assets. OnePay, backed by Walmart, expanded crypto asset support, while BNP Paribas broadened its crypto-related ETN offerings in Europe. Tether completed its first full audit of USDT, and Intercontinental Exchange invested $600 million in Polymarket. The week saw 15 investment deals totaling $732 million, with 67% directed towards infrastructure, underscoring a focus on foundational capabilities.
Crypto Market Faces Volatility Amid Institutional Shifts and Infrastructure Focus
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
