According to cryptocurrency exchanges, the price of bitcoin fell by nearly 4% on wednesday, to $42,421. the market value of the most valuable cryptocurrency in the world has increased by 45% so far this year. the second-largest cryptocurrency ether, an ethereum blockchain token, had a loss of almost 7%. other digital assets’ performance, including xrp, litecoin, stellar, and solana, has deteriorated recently. the overall inflows into the sector were $95 million, with bitcoin investments accounting for $50.2 million of that.
it was just the fourth time in the preceding 17 weeks that there had been inflows like the one we saw last week. a total of $320 million in cryptocurrencies has been pumped into the market in the last six weeks. at this point in the year, bitcoin has attracted investment totaling $4.3 billion.
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