Bitcoin Shatters All-Time High To Hit $123,000 As Ethereum Cracks $3,000 And XRP Taps $3
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Bitcoin (CRYPTO: BTC) surged to a fresh all-time high of $123,231 on Coinbase (NASDAQ:COIN) on Monday morning, capping off a historic week that saw digital asset investment products record $3.7 billion in inflows.
This was the second-largest weekly total ever, according to CoinShares data, with the rally pushing total assets under management (AuM) for crypto exchange-traded products (ETPs) to a record $211 billion.
It also marked the 13th consecutive week of inflows, bringing year-to-date figures to $22.7 billion and underscoring growing investor appetite despite volatile macroeconomic conditions.
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Bitcoin led the inflow charts, attracting $2.7 billion over the week.
Its total AuM now stands at $179.5 billion, equivalent to 54% of the value held in gold ETPs for the first time.
Ethereum (CRYPTO: ETH) followed with $990 million in inflows, its fourth-largest weekly tally and 12th consecutive week of positive flows.
The inflows represent 19.5% of Ethereum's total AuM, nearly double Bitcoin's 9.8%.
Ethereum's price responded in kind, rising 18% over the past week to trade above $3,000.
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Meanwhile, Ripple‘s (CRYPTO: XRP) rose 7% to $2.97, though it also saw the largest outflows of the week, totaling $104 million. Solana bucked the trend with $92.6 million in inflows.
Among the altcoins, Stellar (CRYPTO: XLM) was the standout performer, posting a 90% surge over the week as retail interest spiked amid broader market optimism.
Regionally, the United States dominated with $3.7 billion in inflows, while Germany recorded $85.7 million in outflows.
Switzerland and Canada saw modest gains of $65.8 million and $17.1 million, respectively.
The growing momentum in digital asset products and Bitcoin's new all-time high suggest institutional capital is returning to the crypto markets with renewed confidence, buoyed by inflation hedging narratives and continued ETF adoption.
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