The post Bitcoin Surpasses $100,000 as Cryptocurrency Investment Products Break Records in Weekly Inflows appeared on BitcoinEthereumNews.com.

The cryptocurrency market achieved remarkable milestones last week, with Bitcoin surpassing the $100,000 mark and Ether navigating above $4,000. This surge signifies a renewed interest in digital assets as cumulative inflows into cryptocurrency investment products hit a record high, reflecting increased institutional confidence. James Butterfill, head of research at CoinShares, remarked, “Historically, we have seen much higher inflows after sharp price rises, suggesting investors remain cautious on betting against the recent strong momentum.” This article explores the record-breaking inflows into cryptocurrency investment products following Bitcoin’s surge past $100,000 and Ether’s rise above $4,000. Bitcoin Leads with Unprecedented Inflow Numbers Last week marked a historic moment for Bitcoin, as cryptocurrency investment products captured an astounding $2.5 billion in inflows. This influx brought the total year-to-date inflows to a remarkable $36.5 billion, revealing a strong investor appetite for Bitcoin amidst surging prices. Interestingly, participation in short Bitcoin investment products saw a significant decline, with only $6.2 million recorded. This trend signals a growing sentiment among investors who appear to favor long positions in the face of Bitcoin’s strong upward momentum. The influx of capital was particularly pronounced during the week of December 2–6, which coincided with Bitcoin achieving an all-time high of $104,000 on December 5. This stark increase not only indicates heightened investor enthusiasm but also positions Bitcoin as a leader in the cryptocurrency market. Ethereum’s Exchange-Traded Products Experience Record Inflows Ethereum, often viewed as the second major player in the crypto landscape, recorded its own set of impressive figures. The Ethereum products witnessed an unprecedented inflow of $1.2 billion last week, marking the highest inflows since the launch of Ethereum exchange-traded funds (ETFs) in July 2024. This notable surge in Ethereum ETF investments correlates with the price increase of Ether, which soared above $4,000 on December 6. Notably, the influx…

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Filed under: News - @ December 9, 2024 12:24 pm