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Key Takeaways:
- Steady digital asset inflows brought total inflows to $18B with Bitcoin leading the way at $790M.
- Bitcoin inflows have slowed down versus the previous three weeks but institutional investors help keep prices up.
- Surge in $BTC price will be a boon to some of the best crypto to watch, including Best Wallet Token ($BEST) and Bitcoin Hyper ($HYPER).
Digital assets saw continued inflows over the past week, which now totals a whopping $18B. Bitcoin ($ETH) still led the pack with $790M followed by Ethereum ($ETH) with $226M.
While Bitcoin inflows slowed down compared to previous weeks, institutional investors have helped push its value close to its ATH.
If $BTC continues to push further and reach a new ATH, the market will certainly follow, including projects like Best Wallet Token ($BEST) and Bitcoin Hyper ($HYPER).
As Crypto Inflows Increase, Total AUM Reaches a New ATH
According to a report by CoinShares, investments in digital assets saw $1.04B inflows in the past week. This marks the 12th straight week of inflows, bringing the total to $18B.
In addition, an increase in the prices of these digital assets has helped raise the total value of assets under management (AUM) to $188B, a new ATH.
$BTC saw lower inflows in the past week ($790M) compared to the previous three ($1.5B on average).
However, this is still a significant amount pumped into the cryptocurrency compared to other digital assets in the market. $ETH, for example, had $226M inflows last week.
Bitcoin Remains Resilient Amidst Uncertainty
The Coinshares report attributed the slowdown in Bitcoin inflows to increased caution among investors as it nears its current ATH of $111K.
Elsewhere, however, the numbers point to an impending rally of the world’s most valuable cryptocurrency.
Over the past week, it has traded between the $107K and $110K range. With the US government postponing its tariffs to yet again August 1, we could see a $BTC rally to $120K in the coming weeks, according to market analyst Ted Pillows.
Even if $BTC doesn’t rally to a new ATH soon and the market sentiment turns increasingly bearish, we can at least expect the crypto to hold steady within its current range.
Plus, the current rate at which public companies are snapping up Bitcoin can’t be discounted.
During the first half of the year, they have bought more $BTC than ETFs, an increase of 375% during the same period in 2024.
Strategy is leading the Bitcoin buying spree, which now holds over 597K $BTC, followed by MARA Holdings with its 50K $BTC.
Among the Top 10 holders, Japan’s Metaplanet and Canada’s Hut 8 Mining are the only non-US institutions with over 15K and 11K $BTC, respectively.
A Bitcoin surge always bodes well for the crypto market at large. Because of that, it pays to have an eye on promising crypto projects before $BTC reaches yet another ATH,.
1. Bitcoin Hyper ($HYPER) – Making Bitcoin Faster, Cheaper, and More Flexible
While $BTC is the oldest and most valuable crypto on the planet, it’s beginning to show its age. It’s slow, transaction fees are expensive, and has limited flexibility.
Bitcoin Hyper ($HYPER) aims to bring Bitcoin to the present with its Bitcoin Layer 2.
Once launched, this L2 will deliver speed and smart contracts to the Bitcoin ecosystem. Plus, a decentralized Canonical Bridge will allow developers to create cheap, fast, and composable dApps with Bitcoin’s superior security.
The $HYPER token is what powers the project. You can use this to pay for gas fees, enjoy governance rights, and access exclusive features.
Alternatively, you can stake $HYPER tokens to earn passive rewards. With a 385% p.a. reward rate, Bitcoin Hyper is one of the most attractive tokens to invest in at the moment.
To buy $HYPER, go to the Bitcoin Hyper presale page and connect your crypto wallet (e.g., Best Wallet) to its presale widget.
Next, input the number of tokens you want to buy and pay with your credit/debit card or crypto.
To learn more about the project, you can check out its whitepaper.
2. Best Wallet Token ($BEST) – Offering Exclusive Perks in the Best Wallet Ecosystem
Your valuable digital assets deserve to be stored in a highly secure crypto wallet like Best Wallet.
It’s a non-custodial wallet that gives you total control over your private keys and cryptocurrencies, keeping them away from the hands of hackers and scammers.
Your identity is also well-protected since it doesn’t require you to undergo KYC verification.
To get the most out of the wallet, you can get its native Best Wallet Token ($BEST). This offers perks like low transaction fees, governance rights, and early access to projects in the Token Launchpad.
Each token only costs $0.025295—a small value compared to the benefits you’ll enjoy. You can buy it at its presale page or via the Best Wallet app.
Like $HYPER, you can also stake your $BEST token after you buy it. The project team is offering a generous 100% p.a. reward rate, which makes staking an extra attractive option.
3. Bonk ($BONK) – Solana Meme Coin Getting Ready for a New Breakout
Bonk ($BONK) has been on a steady rise over the past week, fueled by reports of Tuttle Capital’s filing of a 2x leveraged Bonk ETF and seeing double Pump.Fun’s revenue in the last 24 hours.
The Solana meme coin has broken past the $0.000022 mark yesterday as a result and currently hovers between the $0.000023 and $0.0000235 levels.
We can expect the coin’s price to pump higher as we draw closer to the July 16 launch of the Bonk ETF. To grab your $BONK shares, head out to major exchanges where it’s available, including MEXC and CoinEX.
Prepare for the Next Market Surge
The feeling of a new surge in the crypto market is palpable, with investors stockpiling more and more Bitcoin. Whether it’s in the coming weeks or months, a new ATH for $BTC is inevitable.
When this happens, expect some of the best crypto to go up as well, including those in presale at the moment like Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST).
Do your own research before you invest. This is not investment advice.
