The crypto market has once again proven its resilience as digital investment funds continue to receive large inflows despite the world being overshadowed by geopolitical tensions and energy crisis fears.
Last week alone, crypto investment products recorded an inflow of around $619 million, showing investor confidence remains strong despite the conflict involving Iran continuing to spark global concerns.
The majority of the funds flowed into Bitcoin, which received around $521 million in its related investment products.
This inflow thus returned Bitcoin's investment performance to positive territory for the year after previously experiencing large outflows.
This situation shows that many investors still see Bitcoin as a hedge asset as global uncertainty increases.
In addition to Bitcoin, several major altcoins are also enjoying positive sentiment.
Ethereum recorded around $86 million inflows, while Solana added around $15 million in new investments.
However, not all assets were lucky as XRP was the only major asset to record an outflow of over $30 million during the week.
Although the week ended on a positive note, market sentiment actually began to falter towards the weekend as nearly $829 million was withdrawn on Thursday and Friday.
This pressure came as oil prices rose and concerns over geopolitical conflicts intensified, affecting investor psychology.
However, the overall data still shows that interest in crypto assets has not faded.
Total assets under management for crypto investment products have now jumped back to around $135.4 billion, indicating that the market still has solid fundamentals despite the global uncertainty.
In an increasingly uncertain world, crypto still seems to be a big bet for investors who dare to take risks.
