What Happened In Crypto Today
In recent developments within the cryptocurrency market, crypto funds experienced $1.9 billion in inflows as prices rebounded, marking a total of $12.9 billion over nine weeks. Bitcoin has seen significant recovery, with $1.3 billion of inflows into investment products. Ether also surged, with its investment products attracting $583 million in inflows, the highest since February. Meanwhile, XRP and Sui investment products recorded inflows of $11.8 million and $3.5 million, respectively. Michael Saylor, co-founder of Strategy and a major Bitcoin investor, announced his involvement in advising Pakistan's Ministry of Finance on integrating Bitcoin into its financial strategy. Notably, Saylor indicated an imminent Bitcoin purchase, coinciding with rising tensions between Israel and Iran. Despite geopolitical concerns, Bitcoin's price has remained steady around $105,000, reflecting strong investor confidence. Saylor's firm continues to lead corporate Bitcoin holdings with 582,000 BTC, acquired through aggressive investment maneuvers since 2020.
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