Cardano (ADA) Eyes Big Fund Flows Amid Turbulent Crypto Market

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

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

Cardano rides out the storm: $ADA eyes influx of funds amid turbulent crypto market cardano cardanoada cardanocommunity ada

According to CoinShares, investment products focused on Cardano witnessed a remarkable influx of $500,000 over the past week.

This surge in investment is particularly noteworthy as it represents the highest flow of funds into ADA in the last month, bringing the total inflow to $4 million since the start of the year.experienced significant outflows amounting to $38 million, accounting for a substantial 80% of the total withdrawal from the market during this period. These outflows, combined with the reduction in Short Bitcoin positions, highlight the prevailing investor sentiment that has primarily revolved around BTC.

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:

 /  🏆 295. in US
 

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

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