Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows

During the latest crypto sell-off, digital asset investment products still managed to draw in $184 million in inflow for the week ending December 3.

While money flowed into the crypto market, late on Friday, $40 million were posted in outflows.

On Friday, the stock market posted a decline, and the next day the crypto market tumbled in tandem, wiping out billions of dollars. The downwards move was exacerbated by more than $1 billion in liquidations.

On that day, Bitcoin volume also jumped to $15 billion, well above the usual $8 billion a day on average for November and December. But no significant rise in investment product volumes was recorded for the whole week, at $5.8 bln.

“The crypto markets have become very volatile. The Omicron variant and pressure on the TradFi (traditional finance) markets also seem to affect bitcoin,” said Ruud Feltkamp, CEO at automated trading bot Cryptohopper.

In the 2017 bull market as well, Bitcoin has had several, sometimes up to 40%, corrections. “Often, the more afraid you are to step in, the better. And when you’re feeling too confident, it’s often a good moment to step out,” added Feltkamp.

This week, prices are back in recovery mode, with the total cryptocurrency market cap up 10% at $2.53 trillion.

A Potential Buying Opportunity

During the latest sell-off, the Bitcoin price dropped under $43,500; meanwhile, its investment products recorded inflows for the 12th straight week of $145 million in the last week, “suggesting investors continue to see recent price weakness as a buying opportunity,” according to the CoinShares’ latest weekly crypto flow report.

This was before $42 million were reported in Bitcoin outflows as it bore the brunt of investor jitters.

Like Bitcoin (BTC), Ethereum (ETH) saw $25 million in inflows and minor outflows of $4.7 million.

BTC 5.91%


Bitcoin / USD
BTCUSD


$ 51,790.09

$3,060.79
5.91%



Volume 35.13 b


Change $3,060.79


Open $51,790.09


Circulating 18.89 m


Market Cap 978.52 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


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ETH 6.42%


Ethereum / USD
ETHUSD


$ 4,392.06

$281.97
6.42%



Volume 24.49 b


Change $281.97


Open $4,392.06


Circulating 118.64 m


Market Cap 521.09 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


1 h
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Solana (SOL) continues to be the winner as it saw $4.6 million inflows, “seemingly unaffected by the recent price jitters.”

SOL 5.52%


Solana / USD
SOLUSD


$ 198.23

$10.94
5.52%



Volume 2.99 b


Change $10.94


Open $198.23


Circulating 305.91 m


Market Cap 60.64 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


1 h
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6 d
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During the latest price action, SOL went under $180 and is today back above $200. The $60 billion market cap coin remains a darling among institutional investors while being nearly 22% off of its $260 all-time high hit about a month back.

Polkadot (DOT) recorded outflows of $3 million last week, the majority of which came in the latter half of the week, which could also be due to uncertainty surrounding the parachain auctions, which finalized on December 17, according to the report.

DOT 14.39%


Polkadot / USD
DOTUSD


$ 30.88

$4.44
14.39%



Volume 1.73 b


Change $4.44


Open $30.88


Circulating 987.58 m


Market Cap 30.5 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


1 w
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1 w
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While Tron (TRX) and XRP didn’t see any flows, $0.6 million moved out of Cardano (ADA). Blockchain Equity ETPs meanwhile posted $75 million in inflows for the week.

TRX 8.59%


TRON / USD
TRXUSD


$ 0.09

$0.01
8.59%



Volume 1.91 b


Change $0.01


Open $0.09


Circulating 101.9 b


Market Cap 9.34 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


3 d
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1 w
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XRP 5.57%


XRP / USD
XRPUSD


$ 0.84

$0.05
5.57%



Volume 2.95 b


Change $0.05


Open $0.84


Circulating 47.25 b


Market Cap 39.61 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


1 w
Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM


2 w
Investors Unfazed by Profit-taking as Another Week of Flows Bring YTD Crypto Inflows to $9.2B

ADA 8.12%


Cardano / USD
ADAUSD


$ 1.43

$0.12
8.12%



Volume 2.44 b


Change $0.12


Open $1.43


Circulating 33.31 b


Market Cap 47.8 b





45 min
Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows


2 h
55% of Bitcoin Investors Bought over the Last 12 Months, US Consumers More Aware of DOGE than Ether


1 w
Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM

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