Crypto investors seem to be making strategic moves by shuffling their funds between Bitcoin and alternative cryptocurrencies, popularly known as altco
Benjamin Cowen of Into The Cryptoverse says investors could be rotating money from altcoins to Bitcoin. The cumulative market cap is close to $1.3 trillion, far from the $2 trillion capitalization reached in 2021. Crypto assets received more than $66 million in new capital over the last week. ins, according to Into The Cryptoverse founder Benjamin Cowen.
However, the platform highlighted that these inflows are relatively modest compared to those witnessed in June. BTC ETF to bring fresh capital Since the last quarter of 2021, when the cumulative crypto market capitalization surpassed $2.5 trillion, investors have either reduced their exposure or exited it entirely. Bitcoin continues to hover under the $34,000 level after the news of the disappearance of the iShares Bitcoin Trust ETF listing on the DTCC website made rounds.
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