Crypto Market Records Successful Week, Bitcoin Adds $419 Million!

The post Crypto Market Records Successful Week, Bitcoin Adds $419 Million! appeared first on Coinpedia Fintech News

Reportedly, Bitcoin (BTC) was the “primary beneficiary” of the recent political shifts with inflows of $419 million. However, short-BTC investment products saw outflows of $6.3 million during this period. Over the past week, blockchain equity Exchange Traded Funds (ETF) saw one of the largest weekly inflows in 2024 so far, totaling $34 million. Notably, the growth was likely recorded in response to the surge in the Bitcoin price as it rose more than 2% from $61,900 on 06th October to roughly $63,300 on 12th October. The BTC price is currently listed with a trading price of $64,852.36.