Today news
About the same in other media
Bitcoin AUM falls 9.5% to record largest monthly pullback since July
Reading now: 537
The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion.
While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum (ETH) and other cryptocurrency products pick up steam against falling Bitcoin assets under management (AUM).
As shown in the above graph, the total AUM across all digital asset investment products has fallen 5.5% to $70.0 billion, which coincides with the ongoing bear market ever since Bitcoin achieved an all-time high of above
Read more on cointelegraph.comAbout this in other media
Cryptocurrency Prices on December 1: Solana, Ethereum, Tether rise as Bitcoin, XRP falls moneycontrol.com /3 years ago
NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph Research cointelegraph.com /3 years ago
Sensex, Nifty end in red, report biggest monthly decline since March 2020 business-standard.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
