Predictably, Bitcoin is dominating the scene, attracting 90% of these inflows, and amassing an impressive $296 million.
The U.S. played a relatively minor role, accounting for only 12% of the total inflows, while nations like Canada, Germany and Switzerland took the lead with inflows of U.S. $134 million, U.S. $82 million and U.S. $50 million, respectively. Recent data from TradingView indicates a dip in the ETH/BTC trading pair, plummeting to a low of 0.051 BTC, a sharp decline from its zenith of 0.088 BTC in December 2021.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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