Cryptocurrency Market Sees Significant Influx of Capital

The cryptocurrency market has been showing signs of recovery, with global crypto funds recording a significant increase in weekly inflows.

According to CoinShares data reported by CoinDesk, global crypto products pulled in $1.4 billion last week, with Bitcoin absorbing $1.12 billion and Ethereum taking $328 million.

This surge in investment is accompanied by a decrease in Bitcoin exchange balances, which dropped to 2.67 million coins according to CryptoQuant.