Bitcoin Ether Down Cryptocurrency News: The impact of the fall in the price of Cryptocurrencies is clearly visible on the cryptocurrency fund product. Due to the decline in crypto last week, the pace of withdrawal of investors from its related funds and products has accelerated. Investors invested $184 million in cryptocurrencies last week, but on Friday they also pulled out $40 million. Last week, $ 306 million was invested in cryptocurrency products and it reached a record $ 9.5 billion.
If Investors Persevere, Cryptocurrencies May Strengthen
Cashaa’s Founder and CEO Kumar Gaurav said that volatility is natural in the cryptocurrency market, but when investors understand the importance of a coin and what its project is, they can stay in it. The coin may stabilize if investors persist. Increased inflows from investors also indicate that people are buying during a downtrend in cryptocurrencies.
Last week, there was an investment of $ 14.50 million in bitcoin. Even though $ 42 million has been withdrawn on Friday. On the other hand, investment in Ethereum showed increasing. Investors invested $ 25 million in it, although on Friday they withdrew $ 47 million in it. There has been an investment of $ 1.4 million in Binance and Solana. While there was an investment of $ 46 million in Solana. While investors withdrew 3 million dollars from Polkadot.
Top Cryptocurrencies Fall
Last week, the prices of top cryptocurrencies were registered. In the last seven days, bitcoin has fallen from $ 57 thousand to $ 46,581.
According to CoinMarketCap, declines have also been registered in Ethereum (Ether), Binance (Binance Coin), Cardano, Polkadot, Dogecoin, Avalanche, Shiba Inu. However, there is no clear reason as to what is the reason for this decline.