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Amid market downturn, Ethereum leads market recovery with $155 million in weekly inflows?
Amid global market volatility, Ethereum has bucked the trend and become a hot commodity in the eyes of investors. The latest data shows that Ethereum has attracted $155 million in inflows in the past week, pushing its total annual inflows to $862 million, a new high since 2021.
The growth was helped by the launch of a new spot ETF in the United States, further consolidating Ethereum’s position as a leader in the cryptocurrency market.
Strong rebound in capital inflows
The sentiment in the cryptocurrency market is improving, and most assets except Ethereum are showing positive signs of capital inflows. After experiencing capital outflows at the beginning of the week, Bitcoin ushered in a strong return over the weekend, with a total inflow of $13 million for the week.
The growth was helped by the launch of a new spot ETF in the United States, further consolidating Ethereum’s position as a leader in the cryptocurrency market.
Strong rebound in capital inflows
The sentiment in the cryptocurrency market is improving, and most assets except Ethereum are showing positive signs of capital inflows. After experiencing capital outflows at the beginning of the week, Bitcoin ushered in a strong return over the weekend, with a total inflow of $13 million for the week.
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🚀 FTX's cash repayment plan: Can $16 billion ignite a new Bitcoin bull market?
Dear friends in the cryptocurrency circle, I have great news for you!
🌟 FTX is about to start the repayment process, and it will all be done in cash, involving a total amount of up to $16 billion. Therefore, this is undoubtedly good news for the victims of the asset losses suffered in the FTX bankruptcy incident.
According to reports, FTX chose to repay in cash, which means that investors will receive cash directly. So, what will these investors do after receiving the cash?
Most people believe that many early cryptocurrency investors are likely to reinvest these funds in the cryptocurrency market. Given their deep understanding and long-term belief in cryptocurrency, returning the repayment funds received to the market should be an excellent choice that is in line with their investment philosophy.
At the same time, regarding FTX's repayment, it currently appears that these repayments will be directly converted into equivalent cash, rather than returned to users in the form of cryptocurrency. If this is true, it means that the selling pressure on the FTX incident has come to an end. In addition, after receiving the cash repayment, investors are likely to use these funds to continue to repurchase more cryptocurrencies.
Therefore, this repayment measure by FTX will be extremely positive news for the medium- and short-term trend of the cryptocurrency market. It not only alleviates the potential market selling pressure brought about by the German government and the Mt.Gox incident, but may also bring a new round of purchasing power to the market, further promoting the recovery and development of cryptocurrencies.
What do you think? Do you also think this is a big positive for the market? Tell me your thoughts in the comment section!
#FTX还款 #比特币 #加密货币市场 #投资者信心 #市场复苏
Dear friends in the cryptocurrency circle, I have great news for you!
🌟 FTX is about to start the repayment process, and it will all be done in cash, involving a total amount of up to $16 billion. Therefore, this is undoubtedly good news for the victims of the asset losses suffered in the FTX bankruptcy incident.
According to reports, FTX chose to repay in cash, which means that investors will receive cash directly. So, what will these investors do after receiving the cash?
Most people believe that many early cryptocurrency investors are likely to reinvest these funds in the cryptocurrency market. Given their deep understanding and long-term belief in cryptocurrency, returning the repayment funds received to the market should be an excellent choice that is in line with their investment philosophy.
At the same time, regarding FTX's repayment, it currently appears that these repayments will be directly converted into equivalent cash, rather than returned to users in the form of cryptocurrency. If this is true, it means that the selling pressure on the FTX incident has come to an end. In addition, after receiving the cash repayment, investors are likely to use these funds to continue to repurchase more cryptocurrencies.
Therefore, this repayment measure by FTX will be extremely positive news for the medium- and short-term trend of the cryptocurrency market. It not only alleviates the potential market selling pressure brought about by the German government and the Mt.Gox incident, but may also bring a new round of purchasing power to the market, further promoting the recovery and development of cryptocurrencies.
What do you think? Do you also think this is a big positive for the market? Tell me your thoughts in the comment section!
#FTX还款 #比特币 #加密货币市场 #投资者信心 #市场复苏
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