Ah, the digital asset investment products, those modern-day alchemists, have finally shattered the four-week curse of outflows! According to CoinShares’ weekly report, they’ve pulled in a cool $1 billion, as if the crypto market had a sudden epiphany. The hope for a December interest rate cut, that elusive mirage, might have been the catalyst. 🤯💸
The Crypto Products: A Break from the Curse of Outflows (For Now)
The mere fact that crypto ETPs managed to pull in $1 billion last week is a miracle, considering the previous four weeks had siphoned off $5.7 billion. A miracle, indeed. 🤞
Two weeks ago, the total outflows from digital asset investments came in at $2 billion. Bitcoin (BTC): $86,112, with 5.7% volatility. Ethereum (ETH): $2,817, 7.0% volatility. Market caps: $1.72T and $340.25B. A dance of chaos, truly. 🤯
Last Monday, on Nov. 24, CoinShares data showed that the digital asset weekly outflows were pegged at $1.94 billion. In this case, only XRP recorded inflows, and it was worth around $89.3. A lone hero in a sea of despair. 🦄
This past week, BTC, ETH, and XRP (XRP): $2.04, with 7.0% volatility. Market cap: $123.08B. They attracted strong inflows of $464 million, $309 million, and $289 million, respectively. Solana (SOL): $126.4, 8.7% volatility, $70.78B market cap. A small inflow of $4.4 million. A drop in the bucket, yet the market cheers. 🎉
How is the Crypto Market Doing?
The digital asset market truly saw some improvements this weekend, with top assets recovering gradually. Over the weekend, Bitcoin price headed back to $90,000, plugging some excitement into the crypto sector. A temporary reprieve, like a Russian novel’s plot twist. 📖
Even the Coinbase Bitcoin Premium Index turned positive for the first time since Oct. 30. A metric measuring the Bitcoin price ratio between Coinbase and the global market. Turning positive means that the digital gold was trading at a premium on the American crypto exchange. US investors, ever the optimists, bet more on Bitcoin than the global market. 🤝
As of today, Bitcoin price has reduced further to trade at $86,636.42, according to CoinMarketCap data. Its 24-hour trading volume is 69.97% above the average and sits at $63.66 billion. A reminder that in crypto, even the sun sets with a bang. 🌅💸
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2025-12-01 19:59