Crypto Funds Surge, Prices Plunge

Despite a downturn in major cryptocurrencies, digital asset investments saw a significant turnaround last week. Crypto funds, including Bitcoin and Ethereum, attracted over one billion dollars in new money, ending a four-week losing streak. XRP had its largest weekly inflows ever, while Cardano saw a notable outflow. The US led in new inflows, with Canada and Switzerland also contributing significantly. However, the optimism didnt last, with prices plunging late Sunday, marking a seven percent drop in just one day for Bitcoin.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.