New Record: Bitcoin and Ethereum Attract $3.4 Billion Investment!
Jakarta, Pintu News – Last week, digital asset investment products recorded inflows of $3.4 billion, marking one of the largest weeks in crypto investment history. The latest report from CoinShares shows that this was the third largest weekly inflow ever recorded, and the largest since mid-December 2024. Bitcoin led the way with inflows of $3.18 billion, followed by Ethereum which recorded $183 million.
Inflow Analysis: Bitcoin and Ethereum Dominate
Bitcoin (BTC) as the market leader, not only dominates in terms of value but also investor confidence. Last week’s large inflow reflected investors’ growing confidence in the future of Bitcoin (BTC). On the other hand, Ethereum (ETH), despite being far behind, still showed steady growth with an inflow of $183 million.
These two digital currencies show that despite market fluctuations, interest in crypto assets remains strong. Ripple and Sui also posted gains, with Ripple (XRP) securing third place with inflows of $31.6 million and Sui with $20.7 million. However, not all news was positive, as Solana experienced outflows of $5.7 million, although annual inflows still stood at $71 million. This shows the mixed dynamics in crypto asset investment preferences.
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Impact of Policy and Economic Conditions
James Butterfill, Chief Researcher at CoinShares, attributes this surge in inflows to speculation regarding Trump’s easing of tariffs positively impacting the market. Following the announcement on April 23 by President Donald Trump of plans to reduce tariffs on Chinese goods, the price of Bitcoin (BTC) surged past $93,700.
This shows how economic and political policies can directly affect the crypto market. In addition, the dramatic weakening of the US dollar has also made digital assets more attractive. Investors now see crypto as a potential refuge in economic uncertainty. Accumulation activity by “whales” in Bitcoin (BTC) and Ethereum (ETH) has also added to market optimism, with strong indications that large investors continue to favor long-term market fundamentals.
Market Outlook and Predictions
With the price of Bitcoin (BTC) currently at $94,741, up 1.8% in the last 24 hours, and Ethereum (ETH) up 0.55% to $1,812, the market outlook looks bright. Crypto analyst, Credible Crypto, even predicted a 200% increase in Bitcoin (BTC) price based on accumulated data from Long Term Holders (LTH). This prediction adds to the evidence that the current market sentiment is extremely bullish.
These price increases reflect not only current market conditions but also the potential for significant growth in the future. Investors and analysts alike are watching closely to see how this trend will develop in the coming weeks and months.
Cover: A Bright Future for Crypto Investments
This record week for Bitcoin (BTC) and Ethereum (ETH) marks an important turning point in crypto investment perception. With strong support from external and internal factors, the crypto market seems to be gearing up for more growth. Investors considering entering or expanding their portfolios in digital assets may find this to be a good time to act.
Also Read: Trump’s Dinner Party Triggers Big Waves in Crypto Market!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto News Flash. Bitcoin and ETH See Record $3.4B Inflow. Accessed on April 29, 2025
- Featured Image: Cityam
