(CoinShares) Investment inflows into the world-leading cryptocurrency Bitcoin reached $50.2 million in the week to September 24, the highest in four months.
Second-leading cryptocurrency Ether saw about $28.9 million worth of inflows, the most since June. Solana posted $3.9 million inflows, while Cardano-backed products had inflows of $2.6 million in the same week.
The inflows into cryptocurrencies followed China’s continued crackdown on cryptocurrencies, with the massive sell-offs opening buying opportunities for traders.
Analysts say China’s ban could open buying in DeFi tokens like Uniswap, which do not depend on any intermediaries.
The inflows mean that in September alone, Bitcoin has posted $100.9 million worth of investments. Solana has attracted $59.8 million inflows, while Ether has registered $35.1 million inflows.
BTCUSD is down -0.91%, ETHUSD is down -0.85%.
