Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows
The cryptocurrency market has experienced capital inflows of nearly $19 billion recently, with Bitcoin and Ethereum showing significant recovery. Capital primarily flows through Bitcoin, Ethereum, and stablecoins, with altcoins receiving secondary capital rotations. The "Realized Cap" indicator is used to assess inflows for Bitcoin and Ethereum, reflecting total investment value based on last transaction prices. For stablecoins, changes in Market Cap suffice for gauging netflow due to their stable value. Over the past month, Bitcoin and Ethereum's combined Realized Cap increased by $12.58 billion, while stablecoins saw a net inflow of $6.19 billion, totaling $18.77 billion for the sector. Bitcoin is currently trading at approximately $94,200, down 1% over the past week.
