From elections to Ethereum upgrades, crypto markets witness unprecedented crypto inflows and surging investments.
The recent U.S. election has significantly influenced the cryptocurrency market, sparking a surge in investor activity.
In contrast, products tied to multiple cryptocurrencies faced $19.4 million in outflows, and Binance’s BNB products saw $400,000 in outflows.The report attributes this surge to the effects of relaxed monetary policies and the Republican Party’s decisive victory in the recent U.S. elections, signaling a notable shift in market sentiment.Bitcoin maintained its market dominance as expected, drawing $1.48 billion in inflows, largely due to the strong performance of U.S.-based spot ETFs.
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