Altcoins News
By Jean-Luc Maracon
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Digital assets pulled in a whopping $1.06 billion last week. That's three straight weeks of gains as global tensions keep pushing investors toward crypto over traditional…
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The Iran crisis really changed things for crypto. Since tensions started heating up, digital asset ETPs jumped 9.4% and now sit at $140 billion in total assets under management.
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Short Bitcoin products actually picked up $8.1 million, so clearly some traders aren't buying into the rally yet.
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XRP had a rough week though, losing $76 million for the second week running. Litecoin didn't do much better, shedding $0.3 million.
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The US basically ran the show, accounting for 96% of all digital asset investment activity last week. Canada and Switzerland added $19.4 million and $10.
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Germany went the other way, seeing $17.1 million walk out the door - their first outflow this year. Sweden and the Netherlands also had smaller outflows, but nothing too dramatic.
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Bitcoin broke back above that 71,300 resistance level that analysts have been watching. A Bitunix analyst said getting stable above 71,300 could kick off a new competition zone…
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Glassnode's March 16 data showed Bitcoin's on-chain activity jumped 20% over the past week, which lines up perfectly with all these investment inflows.
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Grayscale made some moves too, adding 5,000 BTC to their Bitcoin Trust over the past week. Michael Sonnenshein from Grayscale said the inflows reflect strategic allocation to…
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MicroStrategy keeps doing MicroStrategy things - they bought another 1,500 BTC as of March 15, bringing their total stash to over 142,000 BTC.
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Binance saw trading volumes spike hard for Bitcoin and Ethereum on March 14. Changpeng Zhao said retail investors are looking for alternatives to traditional financial assets,…
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Coinbase had some issues though - their platform went down March 13 during peak trading, which probably ticked off a lot of users.
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DeFi is heating up again too. Uniswap saw trading volume jump 30% over the past week as investors hunt for higher yields.
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Short-term movements are still getting driven by risk appetite shifts and derivatives liquidity distribution.
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The Federal Reserve's recent dovish signals have created additional tailwinds for crypto adoption.
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