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Bitcoin Inflows Jump as US Election Draws Investors to Crypto
Investors are turning to digital assets in record numbers amid the uncertainty related to the US elections. Currently, the market appears to be influenced more by political factors than the outlook on monetary policy, with a US$407 million inflow into digital asset investment products. This is according to CoinShares' report highlighting digital asset fund flows. A surprising turn in the opinion polls, favoring Republicans who are perceived as more supportive of digital assets, has reportedly boosted Bitcoin and blockchain-related investments. Bitcoin experienced inflows of US$419 million, marking a significant ... (full story)
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- Posted: Oct 14, 2024 2:55pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 133
