Add as a preferred source on GoogleCrypto In & Out: Bitcoin dominates inflows as Ether leads outflows
Bitcoin captured $100.42 million in inflows, far ahead of other crypto assets. Ether led outflows with $8.92 million, followed by Zcash at $8.39 million.
Bitcoin drew $100.42 million to lead crypto inflows, while $8.92 million exited Ether.
Inflows into major cryptocurrencies were heavily concentrated in Bitcoin.
As of Oct. 18, $27.37 million in U.S. dollars, $4.93 million in Brazilian reais and $2.10 million in Korean won moved into the crypto market.
About $79.79 million in USDT and $4.31 million in USDC was distributed across cryptocurrencies.
Bitcoin (BTC) led inflows with $100.42 million, followed by Ether (ETH) with $5.60 million and Hyperliquid (HYPE) with $5.02 million. Monero (XMR) attracted $3.80 million, NEAR $2.44 million and Wrapped Bitcoin (WBTC) $2.44 million.
On the outflow side, Ether recorded the largest withdrawal at $8.92 million.
Other outflows included $8.39 million from Zcash (ZEC), $1.44 million from SPCXB, $1.20 million from US and $1.19 million from ASTER.
Some of the funds moved into stablecoins, including $15.78 million in USDT, $2.10 million in USD1 and $0.58 million in USDC.
Cash conversion flows were also recorded in fiat currencies, with $6.08 million moving into U.S. dollars and $5.09 million into Korean won.
This article is based on market data and flow analysis and does not constitute investment advice.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.