Crypto In & Out: Bitcoin draws $31.44 million as Zcash ranks high on both sides

Bitcoin led cryptocurrency inflows with $31.44 million, while Zcash ranked among the leading assets for both inflows and outflows.

The latest market snapshot showed Bitcoin leading inflows as Zcash placed third for inflows and second for outflows.

Fiat and cash-equivalent funds entering the cryptocurrency market included €9.82 million in euros (EUR), $4.47 million in U.S. dollars (USD) and $1.73 million in Brazilian reais (BRL).

About $65.40 million in Tether (USDT), $3.20 million in USD Coin (USDC) and $2.64 million in FDUSD was distributed across cryptocurrencies.

Major inflows included $31.44 million into Bitcoin (BTC), $26.77 million into Ethereum (ETH) and $6.65 million into Zcash (ZEC), followed by $3.40 million into MSTRB, $3.32 million into PUMP and $2.73 million into TSLAB.

On the outflow side, Bitcoin recorded the largest withdrawal at $45.26 million.

Other outflows included $16.16 million from Zcash, $11.15 million from Ethereum, $10.80 million from SNDKB, $10.23 million from BNB and $7.51 million from Sui (SUI).

Some outgoing funds moved into stablecoins, including $53.18 million in USD Coin and $42.31 million in Tether.

Cash conversions were also recorded in fiat currencies, including $29.33 million in U.S. dollars, $5.21 million in Turkish lira (TRY) and $4.24 million in South Korean won (KRW).

This article is based on market data and does not constitute investment advice.