In the digital assets market, a regional shift with a decrease in American investment in cryptocurrencies is noted, CoinShares analysts note
Investors in the United States began to reduce investment in cryptocurrency. This conclusion came the analytical company Coinshares.
According to published data, the number of US investment decreases steadily since February 2021.
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As of March, the amount of investment in the cryprotes from the side of the West amounted to less than $ 100 million. Thus, the interest of investors to cryptocurrencies in just the last week decreased by 58%.
Also reduced interest in Bitcoin. According to Coinshares, in the last week the volume of trading in investment products in Bitcoin amounted to $ 713 million per day. Previously, daily volumes accounted for $ 1.1 billion per day (a decrease of more than 35%).
Regional investors
Nevertheless, such a picture is observed only in the United States. According to Coinshares, the fall of investment interest in cryptocurrencies is regional in nature. So, for example, in Europe and Canada, interest in the cryptocurrency market remains the same.
At the same time, it seems that investors are not very interested in alternatives to Bitcoin. It is reported that in the last week, the Bitcoin market recorded an inflow of $ 85 million.
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Where the situation is worse with Ether ($ 8 million) and Polkadot ($ 2 million). The XRP, BCH and other altcoins are an influx of money even less.
At the same time, retail investors are trying to keep up with institutionalities in terms of buying bitcoin. Since the beginning of the year, private investors have bought more than 187 thousand HTS (~ $ 10.3 billion).
About why in 2021 institutional investors can still switch to ETH - read in a special BEINCRYPTO material.
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