🟦Last week, the top 10 cryptocurrencies exhibited mixed dynamics. Bitcoin remained relatively stable, with a slight increase of +0.2%, continuing its sideways movement. Institutional investors are providing support to the asset: since December 12, spot Bitcoin ETFs have recorded inflows exceeding $4.8 billion. Coinbase Premium is also on the rise, reflecting the confidence of major capital in Bitcoin’s future growth.
🟦Ethereum dropped by 2%, primarily due to the liquidation of margin positions and sales of ETH by the Ethereum Foundation. Despite this, the overall trend remains bullish.
🟦Cardano experienced a 10% decline, impacted by a breach of its account on the social network X. However, interest in the cryptocurrency is growing, as evidenced by significant ADA outflows from exchanges and the expansion of its DeFi ecosystem.
🟦The market correction is largely driven by actions of retail investors, while major players continue to express confidence in the market’s growth trajectory.