This significant uptick in trading activity comes as bullish sentiment revives across cryptocurrency market
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With Bitcoin and other major cryptocurrencies enjoying price increases and reclaiming prior price levels, confidence in the market's bullish momentum has been reignited, spurring increased activity across the board., the first and largest cryptocurrency by market value, extended its comeback from the weekend, reaching an intraday high of $72,624 — its highest level since April 1. XRP tracked Bitcoin's price action, trading in the green at press time.
Bitcoin attracted the most inflows, totaling $663 million; XRP and Litecoin saw inflows of $0.1 million and $4.4 million, respectively.Despite this, CoinShares noticed that appetite from ETF investors, which had previously triggered the market rally, was moderating, with weekly flow levels not reaching levels seen in early March, while volumes last week fell to $17.4 billion, down from $43 billion in the first week of March.
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