Traditional finance fears drive digital asset investment inflows to $160M

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

According to the report, clients viewed Bitcoin as a 'safe haven' for the first time, as it received inflows of $128 million.

Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday

Overall, the report cited rising concerns over the stability of traditional finance as the reason for the growing interest in digital assets, as many investors are starting to view the sector as a"safe haven." Additionally , over the last couple of weeks, many investors have rotated their portfolio investments due to the banking crisis, which has resulted in the sending of overThe influx of money intocan be attributed to concerns about the stability of the financial system, as banks in the U.S. and Europe are experiencing liquidity constraints due to tightening monetary policies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thanks for the interesting article

United States United States Latest News, United States United States Headlines