On this day, Bitcoin (BTC) was confirmed as the cryptocurrency with the most fiat currency inflow. Notable selling trends were observed in major altcoins such as Solana (SOL), Ripple (XRP), and Dogecoin (DOGE).
According to Cryptometer on the 23rd, a total of $35.2 million in US dollar (USD) based funds flowed into the global cryptocurrency market over the past 24 hours.
Dollar inflows were distributed across ▲BTC ($11.3 million) ▲BONK ($6.2 million) ▲SPK ($4.6 million) ▲SUI ($3.7 million) ▲ONDO ($2.2 million) ▲PEPE ($2.2 million) ▲FARTCOIN ($2 million) ▲ATOM ($1.5 million) ▲USDC ($1.4 million).
On this day, 16.5 million dollars in Korean won, 4.3 million dollars in Japanese yen, and 2.2 million dollars in British pounds were entirely moved to Bitcoin (BTC).
Turkish lira (TRY) funds totaling $8.7 million moved to ▲USDT ($4.2 million) ▲SPK ($2.9 million) ▲PENGU ($1.6 million), Brazilian real (BRL) moved to USDT ($1.3 million), and Euro (EUR) funds flowed into USDC ($1.2 million).
On this day, funds gathered in stablecoin Tether (USDT) reached a total of $380.9 million.
A significant portion of these funds were converted to BTC ($156.8 million), and also scattered across ▲FDUSD ($75.3 million) ▲BNB ($48.9 million) ▲PENGU ($29.2 million) ▲TRX ($12.1 million) ▲XRP ($10 million) ▲SPX ($9.2 million) ▲ONDO ($8 million) and other altcoins.
A total of $50.9 million was collected in USDC. The movement to BTC ($33 million) was again the highest. Additionally, it flowed to ▲SOL ($6.5 million) ▲BNB ($3.3 million) ▲FDUSD ($3 million) ▲USDE ($1.7 million) ▲SPK ($1.4 million) ▲LTC ($1.6 million).
The funds that came into Bitcoin (BTC) on this day totaled approximately $228.5 million. Some of this was additionally moved to ▲TRX ($6.5 million) ▲WBTC ($3.1 million).
Furthermore, significant buying pressure was seen in ▲FDUSD ($79.1 million) ▲BNB ($52 million) ▲PENGU ($31 million), and inflows were confirmed to ▲SPK ($18.1 million) ▲ONDO ($10.2 million) ▲BONK ($9.2 million) ▲XRP ($9.3 million) ▲SOL ($6.5 million) ▲TRX ($19.6 million) ▲WBTC ($4.4 million).
Over the past 24 hours, a total of $102.7 million in selling pressure was detected in SOL. Funds leaving Solana moved to ▲USDT ($47.9 million) ▲Bitcoin (BTC, $30.2 million) ▲FDUSD ($16.6 million) ▲Korean won ($4 million).
XRP also experienced a total outflow of $54 million, flowing to ▲Dollars ($34.7 million) ▲FDUSD ($7.6 million) ▲Korean won ($7 million) ▲Euro ($4.6 million).
From DOGE, $46.7 million was withdrawn, moving to ▲USDT ($28.5 million) ▲Korean won ($6.6 million) ▲Dollars ($4.1 million) ▲FDUSD ($4.3 million) ▲BTC ($3.4 million).
Fund outflows to USDT were confirmed in ▲PEPE ($13.2 million) and ▲TRUMP ($9.8 million). Additionally, fund departures were seen in ▲WBETH ▲WLD ▲XUSD ▲ENA ▲ENS ▲AVAX ▲NEAR ▲ERA ▲BNB and other assets.
Funds gathered in USDT totaled approximately $341.1 million. Afterward, only a portion went out to ▲Dollars ($41.1 million) ▲KRW ($11.4 million). The $77.6 million that came into USDC entirely moved to USDT, and a final $113.1 million flowed into FDUSD.
On this day, ETH worth $216.7 million was transferred to stablecoins like ▲USDT ($90.8 million) ▲USD ($58.2 million) ▲USDC ($27.4 million) ▲FDUSD ($31.8 million), or converted to cash in ▲Euro ($3.8 million) ▲Korean won ($3.4 million).
$74.5 million came into BTC and mostly moved to ▲FDUSD ($65.2 million) ▲Euro ($9.2 million).
Among fiat currencies, the final outflow of funds in dollars was the highest at $183.7 million. This appears to be the result of direct selling from major assets such as SOL, XRP, DOGE, ETH, LTC, AVAX, ADA, USDT, etc.
A total of $37.8 million flowed into Korean won, with funds dispersed from various assets including SOL, XRP, DOGE, ETH, USDT, ENA. The funds moving to Euro (EUR) were $18.3 million.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
