The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Between Evergrande and El Salvador, Bitcoin sees $15M in inflows

by Miki 09/22/2021
by Miki 09/22/2021 0 comment

On one side of the world, the Evergrande crisis has given birth to tremors that may have yet more impact on the international crypto-sector. On the other side, El Salvador’s Bukele has gleefully announced that his country is “buying the dip.”

Needless to say, the crypto-landscape today feels action-packed. However, CoinShares’ Digital Asset Fund Flows Weekly Report for 20 September might help put things into perspective more.

Three in a row, and two more

According to the same, the week ending 17 September saw digital asset investment products pulling in inflows of $42 million. There were inflows across all digital assets, including Bitcoin. However, out of the last 16 weeks, the king coin has seen inflows only during three of them.

This week, it recorded inflows of $15 million. CoinShares cited improving investor sentiment as the reason, especially since the same has been overwhelmingly negative in the past. In fact, Bitcoin’s market share of assets under management (AUM) had plunged from above 80% at the start of 2021 to around 67% when the report was released.

Looking at all digital assets, the CoinShares report stated,

“This improved sentiment could be a seasonal phenomenon, but we are not seeing a commensurate rise in volumes in investment products. This suggests that some investors are taking advantage of recent price weakness and the continued rise in alt-coin popularity.”

Popular Bitcoin on-chain analyst Willy Woo also took note of these events. He pointed out that speculators are selling down while on-chain investors have been in strong accumulation mode.

SPX teetering, threatening a large sell-off. BTC carving out a Wycoffian distribution pattern, speculators selling down in risk-off mode, meanwhile investors on-chain have been in strong accumulation.

It’s going to be an interesting opening to this morning’s equities market.

— Willy Woo (@woonomic) September 20, 2021

That’s not all, however. Behavior analysis platform Santiment also recorded an increase in exchange inflows as Bitcoin’s price fell on the charts.

📉 #Bitcoin has fallen -12.7% the past three days as traders polarize. An increase in exchange inflow was picked up by our data during the course of the biggest portion of the drop that happened Monday. Read where $BTC stands according to our metrics. https://t.co/V6m5yq00DP pic.twitter.com/gNAE9j1xif

— Santiment (@santimentfeed) September 21, 2021

As far as altcoins are concerned, the CoinShares report found that Solana, XRP, Litecoin, and Polkadot all saw greater weekly inflows than Cardano.

Bitcoin in deep water

At press time, the Bitcoin Fear and Greed Index was recording a value of 21 – “extreme fear.” What’s more, the wider belief among most was that Evergrande and China FUD have been creeping into the market.

Evergrande apparently

— Bitcoin Fear and Greed Index (@BitcoinFear) September 20, 2021

As fear and negativity dominated the market, whales also began moving thousands of BTC from one place to the other.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,000 #BTC (86,369,670 USD) transferred from #Xapo to unknown wallethttps://t.co/RRoQg37Niq

— Whale Alert (@whale_alert) September 20, 2021

Ergo, despite the inflows over the week, it would seem that traders will be anxiously watching China to better understand Bitcoin’s trajectory.



Source link

Views: 1
15MBitcoinEvergrandeInflowsSalvadorSees
Share
0
FacebookTwitterPinterestEmail
previous post
Gary Gensler Could Prove to be a Bigger Disaster For Crypto Than Jay Clayton, Here’s Why
next post
Meet MELD: DeFi Banking Stack of Cardano

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Brevan Howard Is Launching a New Business Unit Focused on Crypto

  • Paradigm One Bags Record-breaking $2.5b for Largest Crypto Venture Fund

  • Tokens That Deliver Humanitarian Aid In Afghanistan

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,188.00-2.79%
  • ethereumEthereum(ETH)$1,958.73-4.36%
  • tetherTether(USDT)$1.00-0.08%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • binancecoinBNB(BNB)$297.32-1.12%
  • rippleXRP(XRP)$0.405414-5.48%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • cardanoCardano(ADA)$0.51-8.93%
  • SolanaSolana(SOL)$51.12-8.35%
  • dogecoinDogecoin(DOGE)$0.085310-4.65%
  • polkadotPolkadot(DOT)$9.67-8.52%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,173.00-2.79%
  • Lido Staked EtherLido Staked Ether(STETH)$1,924.56-4.46%
  • AvalancheAvalanche(AVAX)$29.18-13.51%
  • tronTRON(TRX)$0.071816-0.19%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-6.51%
  • daiDai(DAI)$1.00-0.21%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • leo-tokenLEO Token(LEO)$5.10-0.04%
  • litecoinLitecoin(LTC)$67.84-6.84%
  • CronosCronos(CRO)$0.187227-5.64%
  • LADZLADZ(LADZ)$0.0686894.36%
  • matic-networkPolygon(MATIC)$0.63-9.91%
  • FTX TokenFTX Token(FTT)$30.31-3.44%
  • HederaHedera(HBAR)$0.389473-3.44%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.85-10.06%
  • RareRare(RARE)$0.0461220.00%
  • bitcoin-cashBitcoin Cash(BCH)$188.51-7.56%
  • chainlinkChainlink(LINK)$6.90-8.69%