According to The Coin Republic, the crypto market recorded a record $5.95 billion in fund inflows amid the U.S. government shutdown, driven by strong institutional interest. Bitcoin and Ethereum led the inflows, with Bitcoin alone seeing $3.55 billion in weekly inflows. CoinShares reported the surge, which pushed total assets under management to $254.37 billion. The inflows were attributed to delayed U.S. macroeconomic data and weak employment figures. Ethereum saw $1.48 million in inflows, while Solana and XRP also recorded significant buying. Analysts noted increased optimism for Bitcoin, with a price target of $135,000.
Crypto Market Sees Record $5.95B Inflows Amid U.S. Government Shutdown
The Coin RepublicShare
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