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Institutional investors just bought an overall total of $921 million in crypto assets in the last week, according to a new update from Coinshares. The surge marks a rebound after multiple choppy weeks, driven by better investor confidence from lower-than-expected US CPI data and hopes for more rate cuts. Bitcoin led the charge with $931 million in inflows, pushing its year-to-date total to $30.2 billion. Since the U.S. Federal Reserve started cutting rates, Bitcoin has seen $9.4 billion in cumulative inflows. Ethereum bucked the trend with $169 million in outflows, its first in five weeks, despite strong demand for leveraged products. Solana and XRP inflows cooled to $29.4 million and $84.3 million, respectively, ahead of expected U.S. ETF launches. Regionally, the US dominated with $843 million in inflows, while Germany hit a record $502 million. Switzerland saw $359 million in outflows, mainly from asset transfers between providers. Global ETP trading volu...

The cryptocurrency market has been extremely volatile lately. The world’s largest cryptocurrency, Bitcoin (BTC), has witnessed several highs and lows in the past couple of days. After trading at a low of $83,976.85 just weeks ago, the king coin jumped to a high of $107,068.72. Despite being so close to its all-time high of $109,114.88, the asset failed to garner enough support. Bitcoin was trading at $102,888.14 following a 0.50% drop over the past 24 hours. Amidst this, Cathie Wood, the CEO of Ark Invest, dropped a bullish prediction for the king coin. Also Read: BRICS: 5 Countries Pay 93% of Trade in National Currencies Source: CoinMarketCap Can Bitcoin Really Claim $1.5 Million? Source: CoinMarketCap Appearing in a recent interview with CNBC, Wood revealed that the king coin has the potential to witness massive growth. She presented Ark Invest’s forecasts for Bitcoin. These were reportedly created by David Puell, the company’s market analyst. According to Wood, Ark ...