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Reading: Hit the Crypto Jackpot: Sui and XRP Draw Investors While Bitcoin Plummets
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COINTURK NEWS > Altcoin News > Hit the Crypto Jackpot: Sui and XRP Draw Investors While Bitcoin Plummets
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Hit the Crypto Jackpot: Sui and XRP Draw Investors While Bitcoin Plummets

In Brief

  • Crypto funds experienced $3.8 billion in outflows over three weeks.

  • Sui and XRP saw increased investments despite market declines.

  • Some investors are still looking for long-term opportunities in this climate.

İlayda Peker
İlayda Peker 2 months ago
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Crypto investment funds continued to face significant outflows for the third consecutive week, totaling $2.9 billion in the last week alone. This brings the cumulative outflow over the past three weeks to $3.8 billion. Bitcoin (BTC) $103,482 funds experienced the largest losses, while some altcoins managed to capture investor interest, particularly Sui and XRP funds, which saw notable inflows.

Contents
Bitcoin and Ethereum Suffer Major LossesSui and XRP Successfully Attract Investors

Bitcoin and Ethereum Suffer Major Losses

Bitcoin was the most affected cryptocurrency by the negative market sentiment, witnessing an outflow of $2.59 billion from investment funds in the past week. Conversely, short investment funds experienced a slight inflow of $2.3 million.

CoinShares – Crypto Investment Funds

Ethereum (ETH) $2,462 funds also performed poorly, with a $300 million outflow last week. Other cryptocurrencies such as Solana $172 (SOL), Toncoin (TON), and Cardano $0.81312 (ADA) did not escape the losses, recording outflows of $7.4 million, $22.6 million, and $1.2 million respectively.

Sui and XRP Successfully Attract Investors

Despite the overall market weakness, some altcoins stood out positively. Sui emerged as the best-performing crypto investment fund, attracting $15.5 million in weekly investments, while XRP also managed to draw attention with a $5 million inflow.

The uncertainty in the crypto market has also impacted crypto stocks, leading to a $25.3 million outflow from blockchain-related company shares. While the overall trend remains negative, some investors continue to seek long-term opportunities.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 3 March, 2025 - 2:35 pm 3 March, 2025 - 2:35 pm
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