After weeks of people pulling their money out of crypto, things are finally turning around. Last week, $644 million was invested back into the market, bringing fresh hope to traders. This is a big change after five straight weeks of losses, showing that confidence in crypto might be returning.
Bitcoin Leads the Comeback
According to CoinShares, most of this new investment went into Bitcoin, which received $724 million. This is a huge shift because, in the past five weeks, investors had taken out a massive $5.4 billion from Bitcoin.
This change suggests that people feel more positive about Bitcoin again after a rough period. But not all cryptocurrencies saw the same success:
- Ethereum lost $86 million, showing that some investors are still unsure about its future.
- Solana, however, gained $6.4 million, which means people still see potential in it.
Where Did the Money Come From?
The report also shows that most of the money came from the United States, where investors put in $632 million. This suggests that big investment firms and financial companies are starting to trust crypto again.
A Recovery After a Rough Few Weeks
The past few months have been tough for crypto:
- In February and early March, many investors pulled their money out due to uncertainty.
- Just a week before this, the market saw $1.7 billion in withdrawals, with Bitcoin losing the most.
- In another bad week, $876 million was taken out, mostly by US investors who were selling their crypto due to negative news.
Now, with new money coming in, it looks like confidence is growing again. One reason could be that big investors see crypto as a good opportunity again, especially with the economy starting to look more stable.
Bitcoin ETFs Are Making a Comeback
Another sign that people trust Bitcoin again is the comeback of Bitcoin ETFs (exchange-traded funds).
For the past five weeks, investors had been pulling their money out of these funds. But last week, $744 million was added back. This shows that big companies and investment firms are buying Bitcoin again, which is usually a good sign for the market.
Crypto expert Arthur Hayes, founder of BitMex, shared his thoughts:
“I think Bitcoin will hit $110,000 before dropping back to $76,500. The Federal Reserve is changing its money policies, and new tariffs won’t have a big effect on inflation.”
Bitcoin Price Nears $90,000
Right now, Bitcoin is trading at $87,720, which is a 4% increase in just one day. Many traders believe it could soon reach $90,000, which would be a big milestone.
- On March 7, Bitcoin hit $87,000, before dropping to $76,000 earlier this month.
- The recent price jump is partly because reports say Trump’s upcoming trade tariffs (starting April 2) won’t be as harmful as people first thought.
Finance expert Walter Bloomberg explained:
“Bitcoin has climbed above $87,000 after dropping to $76,000 earlier this month. The price jump comes as reports say Trump’s new trade policies will be more focused and won’t hurt the economy as much as feared.”
What’s Next?
With big investors returning and Bitcoin gaining strength, things are looking more positive for crypto. However, the market is always unpredictable, and people will be watching closely to see if this trend continues.
For now, crypto investors are finally seeing some good news after a tough few weeks.
Crypto Market Bounces Back with $644 Million in New Investments – admin