Bitcoin continues to shoulder the market, as digital asset inflows saw positive movement for the fourth consecutive week, with $137 million incoming.
According to CoinShares, this brings the four-week total to $742 million — correcting the nine weeks’ worth of outflows before the streak began and marking the largest inflow run since the fourth quarter of 2021.
The continuing positive momentum might be attributed to several factors, including a recent partial victory for the crypto community in the form of a legal decision in the Securities and Exchange Commission v. Ripple lawsuit.
Related: SEC could be waiting ‘years’ to file appeal in Ripple case — Brad Garlinghouse
The XRP (XRP) token soared on news of the ruling, and the market followed suit with a week of activity that received an overall rating of 56 on the “Fear and Greed Index” for cryptocurrency — an indication of “greed,” or increased positive sentiment. This week, however, the index saw a return to a “neutral” rating, as of July 17, despite four weeks of positive inflows into crypto investment products.
Bitcoin (BTC) carried the lion’s share of all fund traffic, with 99% of al
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Author: Tristan Greene
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