Bitcoin Steady After $400M Liquidation Rout, Crypto Investment Products See $2B Inflows
Bitcoin remained relatively stable over the weekend after a $400 million sell-off on Friday, which saw the cryptocurrency drop to under $69,000. Analysts predict that market volatility will return in the coming week due to macroeconomic catalysts such as the CPI release on Wednesday. Meanwhile, crypto investment products saw nearly $2 billion in inflows last week, with Bitcoin leading investment activity at over $1.97 billion inflows. Robinhood's acquisition of Bitstamp is seen as a significant move towards expanding its institutional offering in the digital asset space.
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