In a remarkable development, cryptocurrency-focused investment funds saw a significant influx of $326 million in investor funds in the past week, marking the largest weekly uptick since July 2022. Bitcoin funds led the way, accounting for 90% of these inflows, contributing to a 3% increase in Bitcoin prices. Solana also experienced an impressive 20% price surge, driven by a massive $24 million net inflow of investor funds, the largest among alternative cryptocurrencies. On the other hand XRP gained over 10% in value after the U.S. Securities and Exchange Commission (SEC) dismissed its case against Ripple Labs’ leadership, boosting investor’s confidence in XRP.
