The cryptocurrency market experienced significant capital inflows last week, with $3.51 billion in stablecoins entering the market. Public companies collectively acquired 18,083.7 BTC, valued at $1.24 billion, with Strategy leading the charge by purchasing 17,994 BTC for $1.28 billion at an average price of $70,946 per Bitcoin.
Despite the strong institutional interest, decentralized exchange (DEX) trading volumes saw a slight week-on-week decline, indicating a potential cooling in trading activity. Additionally, Bitmine made a notable acquisition of 60,976 ETH, worth approximately $122.8 million, further highlighting the ongoing interest from institutional and whale investors in the crypto space.
Crypto Sees $3.51B Stablecoin Inflows as Public Companies Acquire 18,083 BTC
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